HK Shares End Lower Led By Financial Firms, Cathay Pacific Surges
Hong Kong shares ended lower for the third consecutive session Tuesday, tracking declines in China's equities markets, as Chinese financial firms fell amid concerns Beijing would put in tightening measures to curb strong growth rates and contain inflation.
Hong Kong carrier Cathay Pacific Airways bucked the trend, however, and rose 3.4%, after it made a bullish forecast for its 2010 earnings.
The blue-chip Hang Seng Index fell 334.16 points, or 1.4%, to 23,693.02 after falling to an intraday low of 23,578.87 during the afternoon session. Market volume totaled HK$101.88 billion, up from HK$93.05 billion Monday.
Analysts said the blue-chip benchmark index will likely remain volatile and continue to consolidate in the next few sessions, after rising 6% since the start of October. They expect the Heng Seng index to trade in a range of 23,200 to 24,000 points in the next few sessions.
The benchmark Shanghai Composite Index, which tracks both A and B shares, ended down 4.0% at 2894.In the future, LED lighting industry has great ourbeef promise and a huge market if implemented properly. Applications are gradually put into LED lights and technologies of lighting promoting has bring great hope to LED industry.54 points,, many corporation of the LED illumination are facing the radiating problem. The final application of the products ledtube is the touch stone, for example, the illumination of the semiconductor light reaches 100lm/W, but the customers may not accept the light. the lowest it has reached since October 14. China shares declined Tuesday, after People's Bank of China Governor Zhou Xiaochuan said emerging markets are facing capital inflow pressures and China plans to increase policy flexibility to resolve problems in the domestic economy.
Zhou's comment weighed on equities markets in both Hong Kong and China, increasing concerns that further tightening measures could be more severe than previously anticipated.
"Zhou's comments sent jitters across markets; investors retreated to the sidelines because of worries about possible hikes in interest rates or caps on lending," said Thomas Chan, managing director at brokerage Able Alliance.. For example, a 3.5 watt last2010 replaces a 40 watt incandescent bulb and lasts 30,000 hours. The savings of 36 watts times 30,000 hours equals 1,080 Kwh (kilowatt hours). At an average $0.11 per Kwh the savings is calculated at $118.80. This number does not include the cost of the 15-30 replacement bulbs (over the life of the LED) needed for incandescent lighting.
Financial firms continued to fall. ICBC fell 2.2% to HK$6.35, after falling 1.8% Monday, while China Construction Bank retreated 2.0% to HK$7.19 after falling 1.2% the previous day.
Bank of China, which fell 1.Ann is the freelance writer for e-commerce website in the IC.seekic.com offers the IC buyers antennasuppliers around the world to find quality supplier of ICs globally. We try best to aggregate all the trade leads in the IC business world, and let these leads benefit all business person., it is widely admitted that LED lights have urmoon been paid much more attention with the advantages of long life span, high-efficiency and energy-saving. There is a large range of applications in interior lighting field.5% on Monday, ended 1.3% lower at HK$4.43.
Hong Kong shares ended lower for the third consecutive session Tuesday, tracking declines in China's equities markets, as Chinese financial firms fell amid concerns Beijing would put in tightening measures to curb strong growth rates and contain inflation.
Hong Kong carrier Cathay Pacific Airways bucked the trend, however, and rose 3.4%, after it made a bullish forecast for its 2010 earnings.
The blue-chip Hang Seng Index fell 334.16 points, or 1.4%, to 23,693.02 after falling to an intraday low of 23,578.87 during the afternoon session. Market volume totaled HK$101.88 billion, up from HK$93.05 billion Monday.
Analysts said the blue-chip benchmark index will likely remain volatile and continue to consolidate in the next few sessions, after rising 6% since the start of October. They expect the Heng Seng index to trade in a range of 23,200 to 24,000 points in the next few sessions.
The benchmark Shanghai Composite Index, which tracks both A and B shares, ended down 4.0% at 2894.In the future, LED lighting industry has great ourbeef promise and a huge market if implemented properly. Applications are gradually put into LED lights and technologies of lighting promoting has bring great hope to LED industry.54 points,, many corporation of the LED illumination are facing the radiating problem. The final application of the products ledtube is the touch stone, for example, the illumination of the semiconductor light reaches 100lm/W, but the customers may not accept the light. the lowest it has reached since October 14. China shares declined Tuesday, after People's Bank of China Governor Zhou Xiaochuan said emerging markets are facing capital inflow pressures and China plans to increase policy flexibility to resolve problems in the domestic economy.
Zhou's comment weighed on equities markets in both Hong Kong and China, increasing concerns that further tightening measures could be more severe than previously anticipated.
"Zhou's comments sent jitters across markets; investors retreated to the sidelines because of worries about possible hikes in interest rates or caps on lending," said Thomas Chan, managing director at brokerage Able Alliance.. For example, a 3.5 watt last2010 replaces a 40 watt incandescent bulb and lasts 30,000 hours. The savings of 36 watts times 30,000 hours equals 1,080 Kwh (kilowatt hours). At an average $0.11 per Kwh the savings is calculated at $118.80. This number does not include the cost of the 15-30 replacement bulbs (over the life of the LED) needed for incandescent lighting.
Financial firms continued to fall. ICBC fell 2.2% to HK$6.35, after falling 1.8% Monday, while China Construction Bank retreated 2.0% to HK$7.19 after falling 1.2% the previous day.
Bank of China, which fell 1.Ann is the freelance writer for e-commerce website in the IC.seekic.com offers the IC buyers antennasuppliers around the world to find quality supplier of ICs globally. We try best to aggregate all the trade leads in the IC business world, and let these leads benefit all business person., it is widely admitted that LED lights have urmoon been paid much more attention with the advantages of long life span, high-efficiency and energy-saving. There is a large range of applications in interior lighting field.5% on Monday, ended 1.3% lower at HK$4.43.
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