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Hong Kong shares close sharply lower; market in correction mode


Published :
Wed, 10 Jan 2007 10:00
By : Agencies
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HONG KONG (XFN-ASIA) - Share prices closed sharply lower, extending a correction for the third straight session as investors continued to take profits in China stocks and property counters, dealers said.

A steep fall on the Japanese market and a lacklustre showing on Wall Street overnight weighed on sentiment, they said.

The Hang Seng Index closed down 329.74 points or 1.66 pct at 19,568.34, off a low of 19,507.97 and high of 19,693.70. The index has dropped over 640 points so far this week.

Turnover was 64 bln hkd.

(1 usd = 7.8 hkd)

leonora.walet@xfn.com

lw/rc




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