MARKET TALK: HK Blue Chips Pre-Open Tips Winning Streak Alive

28th Jul 2010 02:46

0146 GMT [Dow Jones] HK blue chips pre-open levels consistent with view market may take breather early on to consolidate 6-day 4.4% rally, but near-term bias remains on upside. Among 43 index members, gainers outnumber losers but upside limited; China Shenhua (1088.HK) indicated to rise 1.6% to HK$31.70, China Unicom (0762.HK) quoted 1.5% higher to HK$10.66, Citic Pacific (0267.HK) +1.2% at HK$16.46; other than these 3, no other blue chips up by over 1%. Next best gainer HSBC (0005.HK), bid up 0.9% at HK$79.55, tracking gains in European banks overnight on watered-down Basel 3 proposals. ([email protected]) Contact us in Singapore. 65 64154 140; [email protected] (END) Dow Jones Newswires July 27, 2010 21:46 ET (01:46 GMT)