0715 GMT [Dow Jones] HK market volume continues to wither with volume now HK$51.121 billion with one hour of trade left, vs HK$75 billion full-day Monday, daily average of HK$92 billion last week. "This can be taken as that the selling pressure is not heavy. But on the hand, if also reflects lack of buying orders," says YK Chan of Phillip Asset Management. Of view HSI's reversal in afternoon mostly due to A-shares' weakness with Shanghai Composite ended down 4.1%, Shenzhen 7.3%. Still, given magnitude of A-shares' fall, HSI 0.5% decline to 22746.28 mild, reflecting resilience of HK market.(RLI)
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(END) Dow Jones Newswires
April 01, 2008 03:15 ET (07:15 GMT) |
