HK stocks to gain on G20 pledge; refiners in focus

Tue Nov 10, 2009 1:25am GMT
 
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 HONG KONG, Nov 10 (Reuters) - Hong Kong shares may rise for a
third straight session on Tuesday, as a Wall Street rally and a
pledge by the Group of 20 to support the world economy will
likely boost investor sentiment.
 China's refiners such as Sinopec Corp (0386.HK) and
PetroChina (0857.HK) will be in focus after Beijing said it would
lift gasoline and diesel prices by around 7 percent from Tuesday,
taking pump prices to their highest ever. [ID:nPEK221762].
 The benchmark Hang Seng Index .HSI ended up 1.73 percent on
Monday at 22,207.55, its highest close in more than two weeks.
 The China Enterprises Index .HSCE of top locally listed
mainland Chinese stocks rose 2.31 percent to 13,318.48. 
 STOCKS TO WATCH:
   * BYD Co Ltd's (1211.HK) battery-making arm BYD Electronic
(0285.HK) said it expected no material impact on its financial
and operating conditions or its business prospects from Nokia
Oyj's (NOK1V.HE) announcement that it was replacing 14 million
cellphone chargers, which it said could give users electric
shocks. BYD has become an increasingly important supplier to
Nokia over the last few years. [ID:nL9382553]
 * Wynn Macau (1128.HK) said its casino revenues decreased
US$26.3 million in the three months ended in September from a
year ago to US$448.52 million. It said it experienced a 5.1
percent drop in the VIP revenue segment due to a decrease in win
percentages to 2.84 percent during the period from 3.10 percent
in the prior year. For statement please click
here
 ------------------- MARKET SNAPSHOT @ 2243 GMT --------------
                  INSTRUMENT   LAST       PCT CHG   NET CHG
 S&P 500             .SPX       1093.08      2.22%    23.780
 USD/JPY             JPY=       89.96          -0%     0.000
 10-YR US TSY YLD    US10YT=RR  3.4838          --    -0.017
 SPOT GOLD           XAU=       1101.9      -0.18%    -1.950
 US CRUDE            CLc1       79.43        0.00%     2.000
 DOW JONES           .DJI       10226.94     2.03%    203.52
 ASIA ADRS           .BKAS      125.61       2.51%      3.07
 -------------------------------------------------------------
                  MARKET SUMMARY
*Dow hits '09 high in rally on bigger risk appetite[nN09275434]
*Oil up $2 as Ida shuts 30 pct Gulf of Mexico output[nSP281311]
*Dollar struggles after G20; euro breaks $1.50     [nN09266650]
*Treasury bond prices pare earlier advance         [nNYD001584]
 (Reporting by Sui-Lee Wee, Editing by Jonathan Hopfner)



































 

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