Hong Kong stocks fall, HSBC and China Life down

Tue May 13, 2008 10:12pm EDT
 
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  HONG KONG, May 14 (Reuters) - Hong Kong blue chips fell on
Wednesday, led by heavyweight HSBC Holdings (0005.HK: Quote, Profile, Research, Stock Buzz) and China
Life (2628.HK: Quote, Profile, Research, Stock Buzz), as investors weigh the impact of the earthquake
in China and the U.S. Federal Reserve chairman's comments that
financial markets were still troubled.
  The benchmark Hang Seng Index .HSI opened down 0.36
percent at 25,461.37 points. The China Enterprises Index of Hong
Kong-listed mainland companies .HSCE, or H shares, had dropped
0.30 percent to 13,936.59 by 0208 GMT.
  HSBC was down 0.44 percent, while China Life shares fell 0.9
percent after the insurer expected claims for the Sichuan
earthquake to far exceed the claims for freak snowstorms that hit
southern China early this year.
  (US$1=HK$7.8)
  (Reporting by Donny Kwok; Editing by Anne Marie Roantree)





























 

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