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Hong Kong shares end morning higher ahead of Cheung Kong, Hutchison results


Published : Thu, 22 Mar 2007 06:08
By : Agencies
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HONG KONG (XFN-ASIA) - Share prices finished the morning session sharply higher on expectations of positive results announcements from blue chips Cheung Kong and Hutchison Whampoa, dealers said.

They said sentiment was generally boosted after the US Federal Reserve appeared to have left the door open for an interest rate cut later this year after keeping rates on hold at its latest meeting.

The Hang Seng Index ended the morning up 237.70 points or 1.22 pct at 19,754.11, off a high of 19,772.87 and low of 19,703.21.

Turnover was 31.35 bln hkd.

Cheung Kong was up 2.15 hkd or 2.27 pct at 96.70 and Hutchison Whampoa was up 0.50 hkd or 0.66 pct at 75.95. The companies will annnounce their 2006 results after market close.

jun.concepcion@xfn.com

jc/rc

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