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2009-1-15 07:53:00 a.m. HKT, XFNA
DJ MARKET TALK: HK ADRs Sharply Down;HSBC Off 6.5%,Cnooc Off 5.4%
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| 0747 [Dow Jones] HK ADRs sharply lower vs local close, tracking Wall Street falls, with HSBC (0005.HK) down 6.5% at equivalent of HK$65.45, China Mobile (0941.HK) down 3.2% at HK$70.45; oil stocks lower, with Cnooc (0883.HK) down 5.4% at HK$6.72, Sinopec (0386.HK) down 3.9% at HK$4.22 and PetroChina (0857.HK) down 4.3% at HK$6.27. China Unicom (0762.HK) down 3.8% at HK$7.91, China Life (2628.HK) down 4.6% at HK$21.51 and Chalco (2600.HK) down 4.8% at HK$3.73. Calculation based on USD/HKD at 7.7570. Tracking these stocks would translate to about 287-point (2.1%) loss to HSI. Index ended up 0.3% at 13,704.61 Wednesday.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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