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Volatile trading forecast

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ANALYSTS have predicted a volatile New Year awakening for the Hang Seng Index this week.

Fund managers will be returning to their desks around the world today after their Christmas break and some may well decide on a new approach to the Hong Kong market for the new year.

Many will be asking themselves how long Hong Kong's amazing bull run can go on.

The index signed off at 11,888.39 points on Friday, up 2,763 points or more than 30 per cent since the beginning of the month and up more than 115 per cent over the year.

Common sense says there must come a time when the market takes a breather and consolidates. Yet bullish talk still dominates.

Brokers are now asking when rather than whether Hong Kong's blue-chip index will smash the 12,000 barrier.

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