Hong Kong shares end slightly lower ahead of Chinese economic data |
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Published
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Wed, 24 Oct 2007 09:21
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HONG KONG (Thomson Financial) - Hong Kong shares ended slightly lower Wednesday as investors opted to lock in profits in select Chinese stocks ahead of the release of key economic data in Beijing tomorrow.The mainland government will announce its third-quarter gross domestic product (GDP) and industrial output figures, among other indicators.Cautious investors fear China may also announce a slew of liquidity tightening measures including an interest rate hike and increased reserve ratio requirements for banks on ThursdayThe main index pulled back in the afternoon session, wiping out the more than 600-point gain made earlier in the day.The Hang Seng Index closed 43.33 points or 0.2 percent lower at 29,333.53, after inching very close to the 30,000-level in the morning.Volume traded was 22.97 billion shares worth 161.09 Hong Kong dollars.The sub-indices followed the Hang Seng's cue, with the China Enterprises Index 48.58 points lower at 19,587.88.China Netcom was one of the biggest losers on the index, finishing down 1.50 Hong Kong dollars or 6.2 percent at 22.75 dollars.(1 US dollar = 7.80 Hong Kong dollars)parvathy.ullatil@thomson.compu/zrpu/zrCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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| Stock
Quotes * |
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NASDAQ
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1445.87 |
-89.70 (
-5.84 %)
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| SYMBOL (
2007-09-26 ) |
| LAST |
CHANGE
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HANSON
(
12:41pm )
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1099.00 |
+3.00 (
0.27 %)
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AMVESCAP
(
11:35am )
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607.50 |
+2.50 (
0.41 %)
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| SYMBOL (
2008-12-01 )
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| LAST |
CHANGE
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| SYMBOL (
2007-09-04 )
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| LAST |
CHANGE
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Hong Kong shares end morning off highs after index breaks 30,000 points 