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2009-2-5 08:07:00 a.m. HKT, XFNA
DJ MARKET TALK: HK ADRs Higher; HSBC +2.0%, China Mobile +0.8%
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| 0758 [Dow Jones] HK's ADRs up vs local close despite Wall Street declines, with HSBC (0005.HK) +2.0% at equivalent of HK$60.34, China Mobile (0941.HK) +0.8% at HK$71.85; oil stocks also higher, with Cnooc (0883.HK) +0.7% at HK$6.80, Sinopec (0386.HK) +1.6% at HK$4.40, PetroChina (0857.HK) +1.0% at HK$5.97. China Life (2628.HK) +1.0% at HK$22.01, Chalco (2600.HK) +2.7% at HK$3.80 and China Unicom (0762.HK) +0.7% at HK$7.03. Calculation based on USD/HKD at 7.7541. These stocks would contribute to about 70-point gain to index if tracking ADRs alone. HSI ended +2.3% at 13,063.89 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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