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2009-1-22 08:10:00 a.m. HKT, XFNA
DJ MARKET TALK: HK ADRs Higher; HSBC +4.2%; China Mobile +2.6%
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| 0800 [Dow Jones] HK ADRs higher vs local close tracking gains on Wall Street; HSBC (0005.HK) +4.2% at equivalent of HK$57.29, China Mobile (0941.HK) +2.6% at HK$71.06; oil stocks higher, with Cnooc (0883.HK) +4.7% at HK$6.73, Sinopec (0386.HK) +3.6% at HK$4.36, PetroChina (0857.HK) +3.3% at HK$5.99. China Life (2628.HK) +2.9% at HK$20.89, Chalco (2600.HK) +2.9% at HK$3.52 and China Unicom (0762.HK) +3.4% at HK$7.32. Calculation based on USD/HKD at 7.7593. Tracking these stocks would contribute to 183-point gain to HSI. Index ended down 2.9% at 12,583.63 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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