HK Shares End Down Led By China Financial, Commodity Firms
Hong Kong shares ended lower Monday as concerns about possible further tightening measures in China dragged down Chinese financial and commodity firms.LED underwater fishing lights on boats are not only a novelty and only good for entertaining on boats at night. Of course they led light really look cool and add to the party atmosphere,
The blue-chip Hang Seng Index fell 195.40 points, or 0.81%, to 24,027., square as well as round, in white, blue, red, green and colour changing. They are now considerably plastic tea cups brighter than originally. While they are still used for decking and other garden installations, they can also be used to stunning effect in a variety of locations inside the home.18 after trading between 24,002.65 and 24,382.14.
Market volume totaled HK$93.05 billion, down from HK$127.15 billion Friday.
Analysts said they expect the city's benchmark index to fall further in coming sessions due to concerns Beijing may step up tightening measures in the banking sector because of inflation worries, but that the index will likely find support at 23,800 this week.
Castor Pang, research director of Cinda International, said he expects the index to trade between 23,800 and 24,500 this week.
"Some investors are hunting for bargains after recent falls, and I believe trading will remain volatile in the near term," he said.
Belle Liang, a director at Core Pacific-Yamaichi Research, said she expects the People's Bank of China to increase interest rates four times in 2011 to rein in liquidity and loan growth.
"We expect banks and insurance firms to outperform in the medium term on the back of an undemanding valuation and intact earnings growth potential," she said.
Financial firms led Monday's decline because of continued worries about possible monetary policy tightening in China such as a cap on bank loans and hikes in interest rates after the country's consumer price index rose 4.4% in October, accelerating from September's 3.6% increase.
ICBC fell 1.8% to HK$6.49, China Construction Bank was 1.2% lower at HK$7.34 and Bank of China fell 1.5% to HK$4.49.
Commodities firms also fell because of concerns China may impose price controls on the resources sector to combat inflation pressure.
Aluminum producer Chalco dropped 2.5% to HK$7.27 and coal producer Shenhua Energy fell 3.2% to HK$34.65.
China Coal fell 4.1% to HK$13.18, despite the country's second-largest coal producer by revenue after Shenhua Energy reporting Friday its October output rose 23% from a year earlier to 10.46 million metric tons.
Bucking the downward trend, Hong Kong & China Gas rose 0.6% to HK$19., with very little electricity fluorescent bulbs consumption, and minimum background light to disturb sleep. Such a system would also be suitable for children's rooms. A dusk to dawn photocell could be incorporated as well.28 after it said Sunday it will raise its stake in Towngas China to 66.49% from 56.28%.
Towngas China rose 4.4% to HK$3.79.? If the halogen gas filled in the headlight bulb can not produce plastic slipcovers bright light for you? If the tail lights needs shinning angel eyes to highlight the appearance...Anyway, renew them time whenever you find the problem.
"I, there are still things to be done. No matter seeing from lighting product itself Led pot or the technique concerned, there is time needed to establish some standards and regulations, and to change the consuming concept of consumers. At the same time, skills of producing LED are not very mature and it is not proper, at present, think the earnings outlook of Towngas China remains strong and it's likely to rise further in the medium term, but as overall trading sentiment remains uncertain for now, further gains in the stock are likely to be capped under HK$4.00," Pang said.
Hong Kong shares ended lower Monday as concerns about possible further tightening measures in China dragged down Chinese financial and commodity firms.LED underwater fishing lights on boats are not only a novelty and only good for entertaining on boats at night. Of course they led light really look cool and add to the party atmosphere,
The blue-chip Hang Seng Index fell 195.40 points, or 0.81%, to 24,027., square as well as round, in white, blue, red, green and colour changing. They are now considerably plastic tea cups brighter than originally. While they are still used for decking and other garden installations, they can also be used to stunning effect in a variety of locations inside the home.18 after trading between 24,002.65 and 24,382.14.
Market volume totaled HK$93.05 billion, down from HK$127.15 billion Friday.
Analysts said they expect the city's benchmark index to fall further in coming sessions due to concerns Beijing may step up tightening measures in the banking sector because of inflation worries, but that the index will likely find support at 23,800 this week.
Castor Pang, research director of Cinda International, said he expects the index to trade between 23,800 and 24,500 this week.
"Some investors are hunting for bargains after recent falls, and I believe trading will remain volatile in the near term," he said.
Belle Liang, a director at Core Pacific-Yamaichi Research, said she expects the People's Bank of China to increase interest rates four times in 2011 to rein in liquidity and loan growth.
"We expect banks and insurance firms to outperform in the medium term on the back of an undemanding valuation and intact earnings growth potential," she said.
Financial firms led Monday's decline because of continued worries about possible monetary policy tightening in China such as a cap on bank loans and hikes in interest rates after the country's consumer price index rose 4.4% in October, accelerating from September's 3.6% increase.
ICBC fell 1.8% to HK$6.49, China Construction Bank was 1.2% lower at HK$7.34 and Bank of China fell 1.5% to HK$4.49.
Commodities firms also fell because of concerns China may impose price controls on the resources sector to combat inflation pressure.
Aluminum producer Chalco dropped 2.5% to HK$7.27 and coal producer Shenhua Energy fell 3.2% to HK$34.65.
China Coal fell 4.1% to HK$13.18, despite the country's second-largest coal producer by revenue after Shenhua Energy reporting Friday its October output rose 23% from a year earlier to 10.46 million metric tons.
Bucking the downward trend, Hong Kong & China Gas rose 0.6% to HK$19., with very little electricity fluorescent bulbs consumption, and minimum background light to disturb sleep. Such a system would also be suitable for children's rooms. A dusk to dawn photocell could be incorporated as well.28 after it said Sunday it will raise its stake in Towngas China to 66.49% from 56.28%.
Towngas China rose 4.4% to HK$3.79.? If the halogen gas filled in the headlight bulb can not produce plastic slipcovers bright light for you? If the tail lights needs shinning angel eyes to highlight the appearance...Anyway, renew them time whenever you find the problem.
"I, there are still things to be done. No matter seeing from lighting product itself Led pot or the technique concerned, there is time needed to establish some standards and regulations, and to change the consuming concept of consumers. At the same time, skills of producing LED are not very mature and it is not proper, at present, think the earnings outlook of Towngas China remains strong and it's likely to rise further in the medium term, but as overall trading sentiment remains uncertain for now, further gains in the stock are likely to be capped under HK$4.00," Pang said.
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