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2009-2-4 08:09:00 a.m. HKT, XFNA
DJ MARKET TALK: HK ADRs Higher; HSBC +2.0%; China Mobile +1.4%
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| 0758 [Dow Jones] HK's ADRs higher vs local close, tracking Wall Street gains, with HSBC (0005.HK) +2.0% at equivalent of HK$59.14, China Mobile (0941.HK) +1.4% at HK$70.28; oil stocks up, with Cnooc (0883.HK) +2.1% at HK$6.72, Sinopec (0386.HK) +1.9% at HK$4.25, PetroChina (0857.HK) +1.9% at HK$5.77; China Life (2628.HK) +1.5% at HK$21.17, China Unicom (0762.HK) +1.9% at HK$7.09 and Chalco (2600.HK) +2.6% at HK$3.54. Calculation based on USD/HKD at 7.7533. If tracking ADRs' movements, would translate to about 95-point gain to HSI; index ended down 0.7% at 12,776.89 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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