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  1. Hang Seng Index tipped to drop to 26,000 on US worries

    Posted Jan 14th 2008, 12:00am by Staff Reporter

    ... Jeff Pao The Hang Seng Index may fall as many as 800 points to 26,000 today, the 100-day moving average, following the slump on Wall Street on Friday due to worries the United States ... at KGI Securities. 'The Hang Seng Index may fall 500 to 600 points [today] and will not rebound significantly until the US government launches new measures to boost the economy at the end ...

  2. Hang Seng Index fall puts a damper on buying sentiment

    Posted Oct 15th 2008, 12:00am by Staff Reporter

    ... Fulton Mak Sentiment in Hong Kong's residential property market remained depressed last week, weighed down by a 2,885.53-point or 16.32 per cent plunge in the benchmark Hang Seng Index. Just 179 secondary market deals were concluded in the 50 key housing estates monitored by Ricacorp Properties, compared with 177 deals seen in the previous week, the agency said. Central ...

  3. Analysts see Hang Seng decline continuing

    Posted Oct 27th 2008, 12:00am by Peggy Sito

    ... Peggy Sito The Hang Seng Index could fall a further 200 to 300 points when the Hong Kong stock market opens today, but panic selling is not expected, say analysts. The index ... the Hang Seng Index is likely to stabilise.' However, Mr Tam said the share price of HSBC would continue to fall on concerns over its profitability. It fell to a five-year low of HK$88 after ...

  4. Hang Seng plunge feared over US economy

    Posted Jan 07th 2008, 12:00am by Staff Reporter

    ... Wong Ka-chun The Hang Seng Index could fall by as many as 1,000 points today after heavy selling on Wall Street over concerns the US economy could be heading into recession, analysts say. ... figures showing weak job growth and rising unemployment in December. 'The Hang Seng Index could find strong support at 26,500 from bargain hunting and cheap valuations,' Mr Pang said, ...

  5. Hang Seng looks for non-bank acquisitions to push expansion

    Posted Mar 05th 2008, 12:00am by Enoch Yiu

    ... at HK$142.30, down 3.26 per cent, underperforming the Hang Seng Index's 1.97 per cent drop to 23,119.87 points. Analysts were mixed on the bank's outlook. Goldman Sachs projected a 2 per cent ... Enoch Yiu Hang Seng Bank is eyeing stakes in insurance companies, asset management firms and brokerages as part of its strategy to diversify and expand on the mainland. The HSBC subsidiary ...

  6. Service, sure hands set Hang Seng apart

    Posted Apr 14th 2008, 12:00am by Enoch Yiu

    ... more knowledge of the Hang Seng Index than the bank. Mainlander demand for quality stocks will also benefit the lender's share price,' he said. Mr Or said it was unlikely ... When Hang Seng Bank opened for business on Wing Lok Street in Sheung Wan on March 3, 1933, it was just an 800 square foot shop with 11 employees who used abacuses to do the accounts ...

  7. Hang Seng beats forecasts as net leaps 51.5pc to record HK$18.2b

    Posted Mar 04th 2008, 12:00am by Enoch Yiu

    ... Hang Seng Bank yesterday reported record earnings of HK$18.24 billion for last year, but rising inflation and a United States economic slowdown are set to challenge the lender. Profit ... not be as smooth this year. 'Hang Seng has adopted the right direction in expanding into wealth management and China,' said Louis Tse Ming-kwong, a director of VC Brokerage. 'Rapid economic ...

  8. Hang Seng Bank staff to enjoy pay rise of up to 12pc

    Posted Jan 19th 2008, 12:00am by Staff Reporter

    ... Staff at Hang Seng Bank can expect a pay rise of up to 12 per cent this year - their highest for 14 years. In an internal circular issued to the bank's 7,800 employees yesterday, ... the circular said these would be determined after the bank's annual financial performance was known in March. Hang Seng Bank is the third-largest money lender in Hong Kong by assets. It is also ...

  9. Tycoon changes tune on Hang Seng fortunes

    Posted Jan 30th 2008, 12:00am by Staff Reporter

    ... Fulton Mak Property tycoon Lee Shau-kee, known as 'Asia's Warren Buffett', has toned down his bullish prediction for the benchmark Hang Seng Index, citing turmoil in the equity markets and a possible recession in the United States. 'The HSI will hover between 27,000 and 30,000 in the first quarter, and faces greater downward pressure in the second ...

  10. Dark clouds in US rain on Hang Seng

    Posted Jan 17th 2008, 12:00am by Nick Westra

    ... recession. The Hang Seng Index of blue-chip stocks plunged 5.37 per cent, or 1,386.93 points, to 24,450.85 after heavy selling both by institutional and retail investors made Hong Kong the biggest ... index, which tracks mainland companies listed in Hong Kong, plunged 6.56 per cent to 14,016.12. Turnover was HK$145.1 billion. The sell-off caused the third-biggest points loss on the Hang Seng ...




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