Weekly Overview: Dec 11 to Dec. 16, 2006

Hong Kong stock market rode on a roller coaster this week. Traveling via a bumpy road, Hang Seng Index climbed back to 19,110, up 1.98% this week. IPOs remained hot focuses of the market.....

YT Kum, CFA 19.12.2006
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Hong Kong stock market rode on a roller coaster this week. Traveling via a bumpy road, Hang Seng Index climbed back to 19,110, up 1.98% this week. IPOs remained hot focuses of the market. China Communication Service (0552) and Jin Jiang Hotels (2006) skyrocketed for more than 70% on the launching day. More IPOs are set to debut next week, attracting further market attention. Market expected Chinese telecom companies will be granted the 3G license in near term, boosting China Mobile (0941) and China Netcom (0906) on Monday. After a sharp rise, profit taking activities as well as the weakening US market after the Fed meeting dragged HSI down for 189 points on Wednesday. But the market soon regained momentum. Driv

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About Author

YT Kum, CFA  YT Kum is a consultant for Morningstar, contributing to manager selection and asset allocation activities in Asia, and is responsible for providing investment thought leadership on topics relevent to investors in Asia.  

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