Tuesday, April 25, 2006

HK Stock market drop for the third day, CEI drops 5%

Rumor about China govt will step up macroeconomic controls to rein in growth has resulted in a third day of correction for the hong kong stock market. HKCEI drops 5% today. Biggest contributer are 857, 286, 2628

2899 drops again, today close at $4.225, record high being $4.9
2628 drops also, close at $10.3 but still above $10 which is a good investment for the long run.

will wait for May 1st to come, to confirm what effect the new control will bring to the market.

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