Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: star56 who wrote (34170)	11/28/1999 9:29:00 PM
From: puborectalis	of 108040

ICAB environment improving....Sunday November 28, 8:53 pm Eastern Time Hong Kong stocks seen up on strong Q3 GDP growth HONG KONG, Nov 29 (Reuters) - Hong Kong stocks are expected to rise on Monday ahead of the expiry of November index futures and after the local economy showed a stronger than expected rebound in the third quarter. The government announced on Friday that Hong Kong's gross domestic product (GDP) grew 4.5 percent year-on-year in the third quarter of 1999, well above analysts' forecasts of between two to four percent. It also revised its full-year 1999 GDP forecast to 1.8 percent growth from its earlier 0.5 percent estimate. ''The GDP figure was better than expected, which could push the main index to 15,500 points,'' said Ben Kwong, associate director at KGI Asia Ltd.

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