综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

Hang Seng index sees biggest drop in 5 years

By Lillian Liu (China Daily)
Updated: 2006-11-29 08:37

HONG KONG: After months of a bull run that has seen records set one after another, the stock market dived nearly 3 per cent yesterday in the steepest one-day drop in more than five years.

The benchmark Hang Seng Index lost 564.48 points to end at 18639.53, dragged down by such heavyweights as China Mobile, which dropped HK$2.80 to close at HK$64.50, and HSBC Holdings Plc, which dropped HK$2.60 to HK$142.80.

The index plummeted 923.74 points, or 8.9 per cent, to 9493.62 points on September 12, 2001, a day after the terror attacks in the United States.

"All of November's gains have been wiped out in one session," said Andrew Clarke, a trader at SG Securities. "But I don't think it is a major disaster. I think it is one of those things when everything comes at once."

The selling was a combination of hedge funds booking profits at the end of November to switch into Japan, along with fears that guidance from retail giant Wal-Mart signalled a slowdown in US growth, added Clarke.

"Though a bit shocking, it is a healthy correction," said Casor Pang, with Hong Kong-based Sun Hung Kai Financial Group.

"The market has amassed too many gains in the previous months. It might tumble further in the next few weeks before consolidating by the year-end," Pang told China Daily.

Francis Lun, general manager of Fulbright Securities, agreed.

"Hong Kong has been overbought for some time so the time is ripe for some consolidation," he said.

The index had risen about 27 per cent from a mid-June low of 15200 to a recent record high of 19404.01 points.
12  

(For more biz stories, please visit Industry Updates)



Related Stories  
施甸县| 新乡市| 弥渡县| 博罗县| 卢氏县| 建瓯市| 哈巴河县| 江安县| 旬阳县| 托克托县| 夏河县| 龙游县| 兴仁县| 昌平区| 开平市| 东兰县| 绥德县| 磴口县| 高安市| 太湖县| 瓦房店市| 沛县| 甘南县| 临夏市| 宁陵县| 二连浩特市| 麟游县| 陇南市| 亚东县| 冷水江市| 嵊州市| 若羌县| 诸暨市| 周口市| 伊金霍洛旗| 布拖县| 平果县| 汤阴县| 溧阳市| 台中市| 朝阳市|