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2009-1-12 08:29:00 a.m. HKT, XFNA
DJ MARKET TALK: HK ADRs Lower; HSBC Off 1.0%; Cnooc Down 1.7%
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| 0823 [Dow Jones] HK ADRs lower vs local close, tracking Wall Street falls, with HSBC (0005.HK) down 1.0% at equivalent of HK$73.98, China Mobile (0941.HK) down 0.7% at HK$74.80; oil stocks lower, with Cnooc (0883.HK) down 1.7% at HK$7.32, PetroChina (0857.HK) down 1.1% at HK$6.94 and Sinopec (0386.HK) down 1.3% at HK$4.67. China Unicom (0762.HK) down 1.6% at HK$8.81, Chalco (2600.HK) down 1.3% at HK$4.44 and China Life (2628.HK) down 1.1% at HK$23.33. Tracking these stocks would translate to about 66-point loss to HSI. Index ended down 0.3% at 14,377.44 Friday. Calculation based on USD/HKD at 7.7579.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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