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2009-6-25 09:31:00 a.m. HKT, XFNA
DJ MARKET TALK: HSI Likely Choppy S/T, Mkt To Consolidate - CASH
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| 0923 [Dow Jones] HSI's trading pattern in short term likely choppy and range-bound, says Patrick Yiu at CASH Asset Management; "stocks are going to consolidate given a lack of big cues." Tips 1,000-point range (Monday's high 18,398, Tuesday's low 17,375) may hold for rest of week. Dull trade for most blue chips likely; HKEx (0388.HK) likely to succumb to profit-taking after HK market volume yesterday shrinks to lowest in 20 sessions; Sinopec (0386.HK) may rise after parent's US$7.2 billion buy of Addax Petroleum (AXC.T). HSI ended +2.0% at 17,892.15 yesterday.(RLI)
(Delayed by 1 hour)
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