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2009-2-2 08:28:00 a.m. HKT, XFNA
DJ MARKET TALK: HK ADRs Down; HSBC Off 0.9%;China Mobile Off 1.1%
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| 0821 [Dow Jones] HK ADRs lower vs local close, tracking Wall Street declines; HSBC (0005.HK) down 0.9% at equivalent of HK$60.24, China Mobile (0941.HK) down 1.1% at HK$69.74; oil stocks also lower, with Cnooc (0883.HK) down 1.9% at HK$6.67, Sinopec (0386.HK) down 1.4% at HK$4.19 and PetroChina (0857.HK) down 1.7% at HK$5.72. China Life (2628.HK) down 1.6% at HK$20.46, Chalco (2600.HK) down 3.6% at HK$3.47 and China Unicom (0762.HK) down 2.6% at HK$7.13. HSI ended up 0.9% at 13,278.21 Friday. If following ADRs' movements, would translate to about 74-point (0.6%) fall to index; calculation based on USD/HKD at 7.7545.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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