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2009-3-3 09:49:00 a.m. HKT, XFNA
DJ MARKET TALK:HK Blue Chips Sharply Down Pre-Mkt; Pft Risks-CIMB
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| 0940 [Dow Jones] HK blue chips taking beating at pre-open, led by HSBC's (0005.HK) 19.2% slump to HK$46.00; others falling at least 5% include HK Electric (0006.HK), Sinopec (0386.HK), Li & Fung (0494.HK), Cnooc (0883.HK), Shenhua (1088.HK), Chalco (2600.HK). Even before HSBC, Hang Seng Bank (0011.HK) results released yesterday, CIMB already warning of "a disappointing (earnings) season," which will likely result in downward revisions accelerating in March; "the risk of financial shenanigans and profit warnings remains high as audits draw to a conclusion."(RLI) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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