Monday, December 03, 2007

HK Continues To Move Up

Asian shares ended mixed. Profit-taking drove Tokyo and Shanghai lower, while Hong Kong advanced on strong blue chips buying in anticipation of the Fed lowering interest rates..

China Railway shares surged 69% on their Shanghai debut, on expectations China's infrastructure demand will remain robust in coming years. This augurs well for the H-share debut in HK on Thursday.


Market Indices
Australia All Ordinaries 6597.20 + 0.05%
Bombay Sensex* 19587.36 + 1.16%
Hong Kong Hang Seng 28907.77 + 0.92%
Japan Nikkei 15628.97 - 0.33%
Shanghai Composite 4868.61 - 0.07%
Singapore STI 3558.61 + 1.06%
South Korea Composite 1902.43 - 0.19%
Taiwan Weighted 8583.84 - 0.03%

*Late trading

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