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2009-1-21 08:04:00 a.m. HKT, XFNA
DJ MARKET TALK: HK ADRs Sharply Down;HSBC Off 8.7%,Cnooc Off 5.0%
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| 0757 [Dow Jones] HK's ADRs sharply lower tracking Wall Street slump overnight, with HSBC (0005.HK) down 8.7% at equivalent of HK$52.50, China Mobile (0941.HK) down 3.9% at HK$67.25; oil stocks lower, with Cnooc (0883.HK) down 5.0% at HK$6.27, Sinopec (0386.HK) down 5.9% at HK$4.13, PetroChina (0857.HK) down 4.1% at HK$5.79. China Life (2628.HK) down 7.8% at HK$20.23, Chalco (2600.HK) down 6.3% at HK$3.43, China Unicom (0762.HK) down 2.3% at HK$7.38. Calculation based on USD/HKD at 7.7589. Tracking these stocks would translate to about 330-point (2.5%) loss to HSI. Index closed down 2.9% at 12,959.77 Tuesday.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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