Wednesday, July 18, 2007

Hong Kong Stocks Slide on China Rate Concern; China Mobile, Cnooc Fall

(Bloomberg) -- Hong Kong's Hang Seng Index fell,
having yesterday closed above 23,000 for only the second time,
after a report said China's central bank will step up efforts to
cool the economy. China Mobile Ltd. led the decline.

Mainland reports scheduled for release tomorrow are expected
to show gross domestic product rose at a double-digit pace for a
sixth straight quarter and inflation accelerated to a two-year
high, according to Bloomberg surveys of economists.


Read more at Bloomberg Stocks News

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