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2009-7-6 03:02:00 p.m. HKT, XFNA
DJ MARKET TALK: HSI Down 0.9%; N/T Range At 17,600-18,500-Redford
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| 1455 [Dow Jones] HSI down 0.9% at 18,049.27, in directionless trade with mixed performance of regional markets, without clear indication from Wall Street due to holiday Friday; Kenny Tang at Redford tips index to stay in 17,600-18,500 range near-term. "Still the market has ample liquidity and I don't expect any consolidation ahead to be significant." Suggests investors look for China plays, especially insurance counters to track their investment gains in China equity markets. Among these, Ping An (2318.HK) +2.2% at HK$57.90, China Life (2628.HK) +1.0% at HK$29.40, supported by gains in China markets (Shanghai Composite Index +1.1%). Volume modest at HK$36.44 billion.(SUT)
(Delayed by 1 hour)
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