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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (179)	1/30/2001 12:14:21 AM
From: ms.smartest.person	Read Replies (1) of 2248

HK stocks down 83pts by midday on rate cut caution REUTERS -------------------------------------------------------------------------------- Updated at 1.04pm: Hong Kong stocks slipped in thin volume on Tuesday morning as investors grew nervous that any interest rate cuts this week may be smaller than expected. But the benchmark index held above the 16,000 point level as buyers switched to the safety of utility shares. The Hang Seng Index fell 0.52 per cent, or 83.56 points, to 16,016.26, after rising to 16,167.95 soon after the opening. The index's two biggest stocks - banking giant HSBC Holdings and China Mobile, the mainland's number one mobile phone operator - drew futures-led buying in early trade but ran out of steam by the morning close. The January futures contract expires today. HSBC closed unchanged at $121.00 after revisiting the $122 all-time high it posted on Monday on rate cut hopes and expectations for robust earnings next month. China Mobile finished unchanged at $49.90, after rising to $50.50 on the company's strong subscriber growth prospects. markets.scmp.com

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