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2009-1-5 08:05:00 a.m. HKT, XFNA
DJ MARKET TALK: Most HK ADRs Up; China Mobile +2.6%, Chalco +6.6%
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| 0757 [Dow Jones] Most HK ADRs higher vs local close amid Wall Street gains. Telecom stocks higher, with China Mobile (0941.HK) +2.6% at equivalent of HK$83.30, China Unicom (0762.HK) +3.6% at HK$10.48; oil stocks also up; with Cnooc (0883.HK) +3.4% at HK$7.85, PetroChina (0857.HK) +2.9% at HK$7.41 and Sinopec (0386.HK) +3.6% at HK$5.14. China Life (2628.HK) +2.5% at HK$25.37, while Chalco (2600.HK) +6.6% at HK$4.85. But HSBC (0005.HK) down 0.2% at HK$76.85. Calculation based on USD/HKD at 7.7513. Tracking these stocks would translate to about 135-point rise to HSI. Index ended up 4.6% at 15,042.81 Friday.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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