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2009-6-30 09:12:00 a.m. HKT, XFNA
DJ MARKET TALK: Busier 2H IPO Unlikely To Boost HKEx Much
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| 0848 [Dow Jones] News funds raised from IPOs in HK will likely total US$12.8 billion in 2009 according to PricewaterHouseCoopers unlikely to boost HKEx (0388.HK) much; this despite amount of funds raised in IPOs so far this year fell two-thirds on-year to HK$17 billion (US$2.18 billion), suggesting accountancy firm expecting much better 2H. Still, even if this pans out, won't be major catalyst for HKEx as ADT bread-and-butter city's sole exchange operator; HK market volume withering recently, dropping to 3-month low of HK$50.05 billion yesterday; ADT (so far in June) average at HK$73.53 billion. HKEx ended Monday down 1.2% at HK$125.20 vs HSI down 0.4%. (RLI) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
(Delayed by 1 hour)
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