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Technology Stocks : PCW - Pacific Century CyberWorks Limited -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (7)	1/11/2001 10:56:35 AM
From: ms.smartest.person	Read Replies (1) \| Respond to of 2248

WSJ Hong Kong Stocks - Share Prices Fall Sharply January 11, 2001 Hong Kong Stocks Share Prices Fall Sharply Dow Jones Newswires HONG KONG -- Shares fell sharply Thursday after Japan's Nikkei 225 average hit a 27-month low. An early directionless trading session gave way to accelerated sell-offs in the afternoon. The Hang Seng Index dropped 345.02, or 2.2%, to 15090.77. Declining issues led advancers 29 to 4. Volume was worth 9.07 billion Hong Kong dollars. Indonesia-based First Pacific's major shareholder Salim tumbled 40 Hong Kong cents, or 16%, to HK$2.05 after the company Wednesday sold 120 million shares placed at HK$2 each. Sino Land slipped 4.2% to HK$4 after Tsim Sha Tsui Properties earlier this week placed 180 million shares in its blue-chip unit. Cheung Kong shed 3.9% to HK$99, while Henderson Land declined 4.1% to HK$40.20. Banking heavyweight HSBC dropped 1.3% to HK$115. Hang Seng Bank fell 1% to HK$104.50, and smaller Dao Heng Bank lost 3% to HK$44.60. China Mobile fell HK$1.20 to HK$44 despite announcing a partnership with computer giant Hewlett-Packard1 that would enable the U.S. firm to take a minority stake in a wireless data unit of China Mobile. Internet and telecommunications firm Pacific Century CyberWorks slid 3.1% to HK$4.675, a record low since it took over former telephone monopoly Cable & Wireless HKT last August. China-related shares also lost ground. Founder Holdings fell 7.6% to HK$2.125. PetroChina dropped 3.1% to HK$1.27. Tom.com shed 0.5% to HK$1.93. Sunevision fell 0.9% to HK$2.80. -------------------------------------------------------------------------------- URL for this Article: interactive.wsj.com Hyperlinks in this Article: (1) interactive.wsj.com -------------------------------------------------------------------------------- Copyright © 2001 Dow Jones & Company, Inc. All Rights Reserved. Printing, distribution, and use of this material is governed by your Subscription Agreement and copyright laws. For information about subscribing, go to wsj.com Used with permission from The Wall Street Journal, WSJ.com. Copyright 200__ Dow Jones & Company, Inc. All rights reserved.