Hong Kong shares end morning higher led by properties, China financials |
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Wed, 17 Jan 2007 06:13
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HONG KONG (XFN-ASIA) - Share prices finished the morning session higher, reversing early losses, as property stocks and select China financials gained ground, dealers said.They noted that China Life's A-shares rose sharply on the mainland today, boosting its H shares in Hong Kong as well as those of other China-related financials.Oil stocks came under pressure after crude prices fell near to 51 usd a barrel on news that Saudi Arabia has said that there may be no need for further production cuts, they said.The Hang Seng Index closed the morning up 92.05 points or 0.46 pct at 20,120.00, off a low of 19,841.16 and high of 20,122.43.Turnover was 33.14 bln hkd.The property sector index was up 266.86 points or 1.19 pct at 25,154.22roby.lau@xfn.comrl/
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Hong Kong shares close lower for 4th straight day; China banks end down - UPDATE 