MARKET TALK: HSI May Stay In 20,900-21,100 Range - Delta

2nd Aug 2010 02:06

0106 GMT [Dow Jones] HSI may stay in 20,900-21,100 range, after mixed performance on Wall Street Friday, says Conita Hung at Delta Asia. Expects market may not react much to official China July PMI reading, which shows manufacturing activity expanding at slower pace (51.2 in July vs 52.1 in June), as this should have been expected, while some investors believe China may slow down pace of tightening following data. "I think trading will remain cautious ahead of interim results announcement from HSBC (0005.HK) and Hang Seng Bank (0011.HK) later today." HSI ends down 0.3% at 21,029.81 Friday. ([email protected]) Contact us in Singapore. 65 64154 140; [email protected] (END) Dow Jones Newswires August 01, 2010 21:06 ET (01:06 GMT)