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HK stocks fall as HSBC slides ahead of earnings

Sun Mar 2, 2008 9:08pm EST
 
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 HONG KONG, March 3 (Reuters) - Hong Kong stocks fell across
the board on Monday, tracking losses in global equities on
concern over weakness in the U.S. economy, with investors looking
ahead to a series of major company earnings due this week.
 Global lender HSBC Holdings (0005.HK: Quote, Profile, Research, Stock Buzz) led the blue chips
lower ahead of its final results due later on Monday but the
downside is expected to be limited on hopes the bank will post
better-than-expected results.
 HSBC shares opened down 3.07 percent and its Hong Kong unit
Hang Seng Bank (0011.HK: Quote, Profile, Research, Stock Buzz) fell 2.2 percent.
 The benchmark Hang Seng Index .HSI opened down 3.45 percent
at 23,491.57. The China Enterprises Index of Hong Kong-listed
mainland companies .HSCE, or H shares, was down 3.75 percent at
13,408.81.
  (Reporting by Donny Kwok; editing by Anne Marie Roantree)





























 

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