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Hong Kong: Down 1pc on profit-taking
by hlk Thu 07 Jul 2011, 08:08
SHARES fell 1.01 per cent yesterday on profit-taking, with sentiment weighed by Singapore investment fund Temasek selling parts of its holdings in two of China's top banks.
The Hang Seng Index shed 230.40 points to close at 22,517.55.
Despite the losses, Anthony Lam, vice president at Emperor Securities, said: "Concerns over the US economy and Europe debt problems have faded.
"As long as China slightly loosens its tough stance on credit tightening, the market rally should continue." - AFP
The Hang Seng Index shed 230.40 points to close at 22,517.55.
Despite the losses, Anthony Lam, vice president at Emperor Securities, said: "Concerns over the US economy and Europe debt problems have faded.
"As long as China slightly loosens its tough stance on credit tightening, the market rally should continue." - AFP
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