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Strategies & Market Trends : Position Trading Forum

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To: Tim Luke who wrote (5254)	11/5/1998 9:59:00 PM
From: Tim Luke	Read Replies (1) of 7247

HK stocks erased opening losses, firmer in morning HONG KONG, Nov 6 (Reuters) - Hong Kong stocks erased opening losses and were firmer in early trade on Friday, but blue chips were seen in consolidation mode following sharp gains in the past month, brokers said. The Hang Seng Index edged up 23 points, or 0.23 percent, to 10,245 points after a 99-point loss in initial trade. Turnover was HK$1.63 billion in the first half hour. ''News is pretty mixed today but it seems that overseas investors are more bullish than us (locals),'' said Adrian Ngan, head of Hong Kong Research at BNP-Prime Peregrine Securities. ''Funds continue to flow in chasing second-line laggards,'' he added. (Note: this article is ''in progress''; there will likely be an update soon

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