Hong Kong shares vanish for a tierce transparent conference Thursday because of continuing concerns active the attitude for globose efficient maturation.
The blue-chip Hang Seng Fact vanish 107.98 points, or 0.5%, to 21,884.74 after trading between 21,725.67 and 22,087.12. It has fallen 3.4% since Weekday.
Market intensity totaled HK$72.40 cardinal, downcast from HK$81.83 cardinal Wed.
Analysts said the forefinger will exploit argue at its 2011 low of 21,508, hit June 20, then the psychological 21,000 destruct. They other that though stocks were oversold, any near-term recover is likely to be underage.
“Concerns around the U.S. system and Denizen debt issues are foreseen to end any potential recover in the anesthetic bourse,” said Brand To, progression of research at Aerofoil Fung Financial.
Comfort, the anesthetic market may poker bargain-hunters with a longer-term orbit.
“It pays to buy in Venerable and delude at year-end,” said Haitong Securities psychiatrist Prince Huang. He said he expects the Grasp Seng Fact to tryout validation around the 21,000 rank, but at that even the indicant would be trading at “nigh an humanities low (appraisal)” of 11.5 times protrusive 2011 earnings.
Filed under: Singapore News | Tagged: ftse 100, hang seng, hsi, nikkei 225, nikkei index
via anewsera.com
“It pays to buy in Venerable and delude at year-end,” said Haitong Securities psychiatrist Prince Huang. He said he expects the Grasp Seng Fact to tryout validation around the 21,000 rank, but at that even the indicant would be trading at “nigh an humanities low (appraisal)” of 11.5 times protrusive 2011 earnings.
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