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Hong Kong: Fresh concerns hit sentiment
by hlk Wed 19 Oct 2011, 08:04
SHARES lost 4.23 per cent yesterday as investors reacted to lower-than-expected Chinese economic growth figures and fresh concerns about a plan to fix the eurozone debt crisis.
The benchmark Hang Seng Index lost 797.53 points to 18,076.46.
"The problem now is that nobody is willing to buy at current levels ... we rallied quite a bit in the past week, the short squeeze that sustained that rally is over for now," said Alex Wong, Ample Finance Group's director of asset management. - Agencies
The benchmark Hang Seng Index lost 797.53 points to 18,076.46.
"The problem now is that nobody is willing to buy at current levels ... we rallied quite a bit in the past week, the short squeeze that sustained that rally is over for now," said Alex Wong, Ample Finance Group's director of asset management. - Agencies
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