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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF)
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To: John McDonald who wrote ()1/24/2000 8:40:00 AM
From: AmericanVoter  Read Replies (1) of 4541
 
this just hit the wires...

best regards
amein
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Hong Kong Stocks: Rate fears overshadow e-commerce venture

RELATED SYMBOLS: (PCCLF)

Most tech stocks ended higher Friday, as interest in the sector
remained strong, said brokers.
Large-cap counters such as China Telecom (Hong Kong) and bellwether
technology stock Pacific Century CyberWorks rebounded, rising on the
strength in Nasdaq overnight, said brokers.
China Telecom closed up $0.60 at $44.80 and Pacific Century finished
$0.55 higher at $16.55.
Smaller tech counters also rallied as investors sought to buy into
stocks most likely to be acquired by international tech firms, they
said. "Investors are looking for the next star such as Cheung Wah
Development which rose over 630% Thursday on news that Japan's Softbank
is looking to buy into the company," said Delta's Tam.
Cheung Wah Development lost $1.60 Friday ending at $8.20, as investors
took profits on the astronomical gains Thursday. End

LEVEL CHANGE
Hang Seng Index 15,108.41 -106.90
Hang Seng Index Jan futures 14,990.00 -320.00
Tracker Fund (HK $ per unit) $15.00 -$0.10
Turnover $15.1 bln prev $16.6 bln End

Bridge News, Tel (852) 2599 2481
Send comments to Internet address emerg@bridge.com
[symbols:HK;HSI:HK;8:HK;1:HK;13:HK;5:HK;11]

The Bridge ID for this story is 01100

End

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