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2009-6-8 03:06:00 p.m. HKT, XFNA
DJ MARKET TALK:HSI Off 1.3%;HK Ppties Off On Rate Worries-Tanrich
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| 1454 [Dow Jones] HSI down 1.3% at 18,435.69, off early low of 18,244.91, on profit-taking after index's 20.4% gain vs end-April, while investors more cautious ahead of key economic data from China and U.S., says Tanrich's Jackson Wong. Tips near-term support at 18,000. "Investors are more eager to sell to take profits for now amid an absence of fresh leads," says Wong. Says HK property shares lower on concern U.S. Fed may consider raising interest rates ahead, with Sino Land (0083.HK), Sun Hung Kai Properties (0016.HK), Cheung Kong (0001.HK) all down over 3%. China Mobile (0941.HK) +1.5% at HK$80.45, likely supported by laggard interest, Wong says, with stock only +17.8% vs end-April, while China Unicom (0762.HK) +31.0% over same period. Volume modest at HK$47.71 billion.(SUT)
(Delayed by 1 hour)
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