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2009-6-30 04:05:00 p.m. HKT, XFNA
DJ MARKET TALK: HKEx's Underperformance May Be Bad Sign For HSI
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| 1557 [Dow Jones] Signs of crack in HKEx (0388.HK) armor may herald more HSI downside; given HKEx best proxy to HK market movement, both in terms of volume and in terms of index ups and downs, traditional wisdom says HKEx usually moves head of HSI. HKEx shares had recent been resilient despite market volume drop until today; stock now down 3.3% at HK$121.10, sharply underperforming HSI's 0.3% retreat, which itself significantly off intraday high of 18,883.24.(RLI) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
(Delayed by 1 hour)
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