Hong Kong--Jan 10--The Hang Seng Index rose 3.7% Monday morning,
continuing its rebound after posting sharp losses last week. Investors
faith in Hong Kong's underlying economic fundamentals recovered after
US interest rate fears led the market spiraling downwards last week,
brokers said. Hong Kong shares made broad-based gains with banking
stocks lagging behind in the morning session, dogged still by niggling
fears of an impending rate hike in February. The Hang Seng financials
sub-index rose 0.9% in morning trade.
---------------MONDAY'S STOCK PREVIEW FOLLOWS------------------
Hong Kong Stocks: Index seen breaching 16,000 on Dow, Nasdaq
By Rekha Sujanani, Bridge News
Hong Kong--Jan 10--Hong Kong stocks are expected to see sharp rises
Monday, following the strength in US stocks Friday night, said brokers.
Tech stocks are expected to regain some of their losses from last week,
on the back of a rebound in the technology-laden US Nasdaq, they added.
Most blue-chips are also expected to rise, with the benchmark Hang Seng
Index seen breaching 16,000 Monday, said brokers.
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