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Market Wrap: HSI up 361 pts on mainland rate cut rumours; HKMA records loss
21 Nov 2008

Hong Kong's benchmark, the Hang Seng Index was up 360.6 pts or 2.9%, at 12,659.2, turnover was HK$50.4B, up HK$5.8B DOD, while the Hang Seng China Enterprise Index, that tracks H shares, was up 234.1 pts or 3.8% at 6,425. The Shanghai Composite Index was down 14.4 pts or 0.7%, at 1,969.4. NIKKEI 225 Index was up 207.8 pts or 2.7%, at 7,910.8. At 11:15am, overnight HIBOR was 0.236%, up 0.002% points DOD; 3-month HIBOR was 1.95%, down 0.05% points DOD. Read Article
Other New Research:
Convenience Retail (8052): Modest growth despite China losses 21 Nov 2008
VTech (303): Slowdown of US and EU markets 21 Nov 2008
Xtep International (1368): Advertising for growth 21 Nov 2008
Quammentary: Coal price dropping 21 Nov 2008
Market Wrap: HSI drops 517 pts; HKMA injects liquidity 20 Nov 2008
Shenzhen Investment (604): Zhang Huaqiao resigns as COO 20 Nov 2008
PetroChina (857): Benefiting from oil price drop (Part 2 of 2) 20 Nov 2008
Sino-Ocean Land (3377): Deep discount to book value 20 Nov 2008
Quammentary: Fed likely to further cut rates 20 Nov 2008
Market Wrap: HSI down 100 pts; China telecom equipment manufacturers outperformed 19 Nov 2008
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Ask Quam
I am currently in the process of divisification, I…
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Columnists
HenryChan Chi Sheung
Fate Of Hong Kong: Low Debt & No Property Bubble (Part 3 Of 3)
Fate Of Hong Kong: Dawn In Late 2009 (Part 2 Of 3)
Fate Of Hong Kong: 2008 Is No 1998 ! (Part 1 Of 3)
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Raymond W.So
The Strategy of China's Sovereign Wealth Fund amidst Current Financial Tsunami
The Proposition of Developing Islamic Finance in HK
The Finale of USD Dynasty & Prospect
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