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2009-6-17 09:46:00 a.m. HKT, XFNA
DJ MARKET TALK: HK Blue Chips' Pre-Open Bids Indicate Upward Bias
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| 0939 [Dow Jones] Some extreme behavior for HK blue chips at pre-open, with HKEx (0388.HK) quoted +6.3% at HK$129.80, SHK Properties (0016.HK) bid up 5.7% at HK$96.00, Hang Lung Properties (0101.HK) +5.4% at HK$25.30; even HSBC (0005.HK) gets into act, +2.1% at HK$68.00 - most without positive company-specific newsflow. Still, Ping An (2318.HK) indicated down 3.2% at HK$52.50, adding to 2-day, 8.1% tumble since resuming trade Monday. Overall picture seems to point to strong bargain-hunting interest after HSI's 3.8% drop Monday, Tuesday, but whether HSI can repeat last week's pattern (down 3.3% last Monday, Tuesday, then rallied 4.0% Wednesday) too early to say.(RLI)
(Delayed by 1 hour)
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