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2009-1-16 08:01:00 a.m. HKT, XFNA
DJ MARKET TALK: Most HK ADRs Up On Rebound But HSBC Down 5.2%
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| 0750 [Dow Jones] Most HK ADRs higher on rebound vs local close, supported by Wall Street gains. China Mobile (0941.HK) +0.3% at equivalent of HK$70.61, China Unicom (0762.HK) +0.9% at HK$7.92, China Life (2628.HK) +0.6% at HK$22.14, Chalco (2600.HK) +1.9% at HK$3.74. Cnooc (0883.HK) +0.4% at HK$6.78, Sinopec (0386.HK) +1.0% at HK$4.21, PetroChina (0857.HK) +0.5% at HK$6.25. But HSBC (0005.HK) down 5.2% at HK$62.60, as fund-raising/dividend cut concerns persist. These stocks, however, would translate to 66-point loss to HSI, as HSBC alone contributes to about 87-point loss to index, if tracking these ADRs. Index closed down 3.4% at 13,242.96 Thursday.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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