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HK shares claw back after steep losses, HSBC firm

Wed Jan 16, 2008 9:05pm EST

Stocks

   
 (Updates to open)
 HONG KONG, Jan 17 (Reuters) - Hong Kong blue chips rebounded
1 percent on Thursday from their worst once-day loss since Sept
2001, with export play Li & Fung (0494.HK) gaining 8 percent at
the open and HSBC Holdings (0005.HK) rising 1.7 percent.
 The benchmark Hang Seng Index .HSI opened at 24,705.08.
 The China Enterprises index of H shares .HSCE, or Hong
Kong-listed shares in mainland companies, was up 1.7 percent.
 The previous day, Wednesday, the Hang Seng index had dropped
5.4 percent.
 (Reporting by Rita Chang; editing by Dominic Whiting)































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