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2009-1-8 08:09:00 a.m. HKT, XFNA
DJ MARKET TALK:HK ADRs Lower;China Mobile Off 0.5%,Cnooc Off 3.4%
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| 0801 [Dow Jones] HK ADRs lower vs local close, tracking Wall Street cues; HSBC (0005.HK) down 0.7% at equivalent of HK$74.44, China Mobile (0941.HK) down 0.5% at HK$78.07; oil stocks down after crude price's sharp fall. Cnooc (0883.HK) down 3.4% at HK$7.63, PetroChina (0857.HK) down 1.6% at HK$7.33 and Sinopec (0386.HK) down 1.6% at HK$4.94. China Life (2628.HK) down 0.6% at HK$24.30, China Unicom (0762.HK) down 2.2% at HK$8.99 and Chalco (2600.HK) down 5.0% at HK$4.80. If tracking ADRs alone, these stocks would have led to about 74-point fall to HSI; index ended down 3.4% Wednesday. Calculation based on USD/HKD at 7.7523. (SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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