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2009-1-14 07:59:00 a.m. HKT, XFNA
DJ MARKET TALK: HK ADRs Mixed; HSBC Down 2.6%; Cnooc +1.7%
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| 0748 [Dow Jones] HK ADRs mixed, tracking divergent moves on Wall Street. Top caps China Mobile (0941.HK) down 0.3% at equivalent of HK$71.99, HSBC (0005.HK) down 2.6% at HK$71.13; oil stocks up, with Cnooc (0883.HK) +1.7% at HK$7.01, PetroChina (0857.HK) +0.9% at HK$6.48, Sinopec (0386.HK) +0.2% at HK$4.36. China Unicom (0762.HK) +0.8% at HK$8.49, China Life (2628.HK) +0.5% at HK$22.11 and Chalco (2600.HK) +1.5% at HK$3.95. Calculation based on USD/HKD at 7.7563. These stocks would translate to about 32-point loss to HSI if tracking ADRs solely. Index ended down 2.2% at 13,668.05 yesterday.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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