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2009-6-16 09:43:00 a.m. HKT, XFNA
DJ MARKET TALK:HK Blue Chips Mostly Bid Down But China Banks Firm
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| 0937 [Dow Jones] Appears another down day in store, with most HK blue chips bid down at pre-open, led by high-beta HKEx's (0388.HK) 5.8% fall to HK$117.10; others indicated to fall by more than 3% include Hutchison (0013.HK), China Merchants (0144.HK), China Overseas (0688.HK), Tencent (0700.HK), Chalco (2600.HK). Still, China banks conspicuously standing out with China Construction Bank (0939.HK), ICBC (1398.HK), Bank of China (3988.HK) all bid up, indicating more sector outperformance on re-rating likely in short term.(RLI) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
(Delayed by 1 hour)
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