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2009-2-6 08:22:00 a.m. HKT, XFNA
DJ MARKET TALK: HK ADRs Higher; HSBC +3.9%; China Mobile +1.9%
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0800 [Dow Jones] HK's ADRs higher vs local close, buoyed by Wall Street gains, with HSBC (0005.HK) +3.9% at equivalent of HK$61.64, China Mobile (0941.HK) +1.9% at HK$73.63; oil stocks higher, with Cnooc (0883.HK) +2.9% at HK$7.12, PetroChina (0857.HK) +3.0% at HK$6.20 and Sinopec (0386.HK) +1.8% at HK$4.49. China Life (2628.HK) +2.0% at HK$23.11, China Unicom (0762.HK) +2.0% at HK$7.04 and Chalco (2600.HK) +3.1% at HK$3.99. Calculation based on USD/HKD at 7.7540. These stocks would translate to about 153-point gain to HSI if tracking ADRs alone. Index ended up 0.9% at 13,178.90 Thursday.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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