国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

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  
精河县| 古交市| 法库县| 新巴尔虎左旗| 乌拉特中旗| 乌海市| 耿马| 丽江市| 海南省| 华安县| 车致| 灵武市| 普宁市| 建德市| 托克逊县| 泸定县| 泰顺县| 图木舒克市| 陆良县| 扬州市| 瓮安县| 衢州市| 攀枝花市| 寻乌县| 甘泉县| 高邮市| 剑阁县| 东乌珠穆沁旗| 和硕县| 平阳县| 成都市| 孟连| 宿州市| 平塘县| 沧州市| 章丘市| 丘北县| 房产| 南通市| 峡江县| 鹤山市|