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Non-Tech : Ashton Technology (ASTN) -- Ignore unavailable to you. Want to Upgrade?

To: M. Frank Greiffenstein who wrote (3116)	1/2/2000 11:51:00 PM
From: Rob W	Read Replies (1) \| Respond to of 4443

HK stocks hit all-time high in first 2000 trading HONG KONG, Jan 3 (Reuters) - Hong Kong stocks jumped to an all-time high within the first minute of trade on Monday, the first trading day of 2000. The benchmark Hang Seng Index (^HSI - news) climbed 226.26 points or 1.3 percent to 17,188.36 before 1001 local time (0201 GMT) and edged up to 17,256.34 in the next few minutes. In the broader market, advances were ahead of declines 228 to 17 and 665 issues were unchanged. Turnover was HK$1.8 billion in the first 15 minutes of trade compared with HK$1.4 billion at the same time on Thursday. Traders said smaller cap technology stocks, which dominated trade and drove a months-long rally in late 1999, were holding their place in the spotlight. ``Turnover today will likely be concentrated on technology stocks. I expect this trend to continue for a while but there will be some profit-taking in the next few weeks,' said Michael Liang, vice president of Asian equities at Daiwa Securities. Traders said activity in blue chips was relatively quiet as foreign funds and institutional investors still harboured some Y2K concerns. (Note: this article is ``in progress'; there will likely be an update soon.) More Quotes and News: HANG SENG INDEX (HSI Services Ltd) (^HSI - news) Related News Categories: international, US Market News