After returning from
holidays in Hong Kong's markets Hang Seng index dropped 0.59% or 110.50
points to 18,518.67 led by resource stocks. Analysts explain decline in the
index with dreary US data as home prices fell more than expected while consumer
confidence surged. China Coal Energy Co lost 1.9% while Zijin Mining
Group Co. traded down 2.3%. China Overseas Corp. tumbled 2.95% and China
Resource Land Corp. edged down 2.73%. On the upside was Bank of East Asia
adding 1.57%.
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