日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

Home / Business / Finance Tools: Save | Print | E-mail | Most Read | Comment
HK stocks end lower in spite of rate cuts
Adjust font size:

Hong Kong stock market opened higher Thursday on announcement of expected rate cuts but failed to hold on as concerns over the U.S. economic future surfaced again in the afternoon.

The benchmark Hang Seng Index opened at 23,789.72, up 136.03 points or 0.58 percent, after the Hong Kong Monetary Authority followed the Federal Reserve to announce a half percentage point rate cut.

But the index soon turned to move downward before closing at 23, 455.74, down 197.95 points or 0.84 percent. It moved between 23, 887.17 and 23,052.95 during the volatile session on a turnover of 110.65 billion HK dollars (14.19 billion U.S. dollars).

The performance of the key barometer was currently below the 250-day moving average of 23,592, the mark that has usually been called a bull/bear threshold in spite of disagreements from some analysts.

It also meant that the Hang Seng Index lost a total of 4,536.91 points, or 15.67 percent during the volatile month of January.

The two rate cuts by the United States Federal Reserve in the past week were nothing beyond expectations of the market, analysts said, adding that volatility was expected in the near term.

Some have also been toning down their forecast for the next quarters.

Sixteen of the 43 blue chips on the Hong Kong market turned out gainers, outnumbered by the number of losers, which totaled 26.

PCCW, the local telecommunications operator and a blue chip, remained flat.

The heavyweight banking giant HSBC Holdings lost 1.5 HK dollars, or 1.28 percent, to close at 115.6 HK dollars, while its local unit Hang Seng Bank lost 2.7 HK dollars, or 1.73 percent, to end at 153.2 HK dollars.

China Mobile, the mainland's largest mobile carrier, went up 0.7 HK dollars, or 0.62 percent, to close at 114.3 HK dollars.

The finance sub-index suffered the most among the four major categories, moving down 702.18 points, or 2.13 percent, at 32,327.08, followed by the properties genre, which closed at 33,618.07, down 229.58 points or 0.68 percent.

Bank of China continued its losing run at 3.17 HK dollars, down 0.1 HK dollars or 3.06 percent while BOC Hong Kong gained 0.26 HK dollars, or 1.37 percent, following rate cuts by the local Monetary Authority.

Ping An, one of the Chinese mainland's major insurance players, slumped 3.2 HK dollars, or 5.58 percent, to close at 54.2 HK dollars while China Life lost 1 HK dollar, or 3.45 percent, to end at 28 HK dollars.

The commerce and industries sub-index was slightly higher at 13, 935.19, up 20.37 points, or 0.15 percent while the utilities category outperformed the market by gaining 389.32 points, or 0.94 percent, partly thanks to increasing energy consumption in a wintry season across China.

Hong Kong Electric went up 0.3 HK dollars, or 0.68 percent, to close at 44.45 HK dollars while Hong Kong and China Gas added 0.55 HK dollars, or 2.65 percent, to close at 21.3 HK dollars.

China Shenhua, however, went down 1.35 HK dollars, or 3.27 percent, at 40 HK dollars.

Mainland shipping giant China Cosco gained 1.9 HK dollars, or 12.03 percent, at 17.7 HK dollars, thanks to the strength of an important industry index.

(Xinhua News Agency February 1, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Shares down 0.9% in volatile trading
- HK stocks go down after volatile session
- Shanghai market inches up at midday
- Shares down 0.8% in light, volatile trading
Most Viewed >>
- More oil futures products needed

Nov. 1-2 Tianjin World Shipping (China) Summit
Nov. 7-9 Guangzhou Recycling Metals International Forum
Nov. 27-28 Beijing China-EU Summit
Dec. 12-13 Beijing China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 辰溪县| 莆田市| 栾城县| 洛宁县| 肇庆市| 全南县| 华池县| 治多县| 虞城县| 朝阳市| 宣武区| 应城市| 新巴尔虎左旗| 安新县| 南皮县| 航空| 诏安县| 凌海市| 德清县| 丁青县| 双流县| 贡山| 台南县| 商都县| 成武县| 龙州县| 昌邑市| 乌拉特中旗| 南岸区| 章丘市| 平潭县| 通城县| 福安市| 阜宁县| 玉门市| 洪雅县| 股票| 金堂县| 邯郸市| 黔江区| 文登市|