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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (60885)	2/22/2002 1:44:16 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

HK stocks open lower after Wall St losses and jobless surge Friday February 22, 10:25 AM sg.news.yahoo.com HONG KONG (Reuters) - Hong Kong stocks opened lower on Friday, hurt by a more than three percent slide in the U.S. Nasdaq and a leap in Hong Kong's unemployment rate to 6.7 percent, its highest level in decades. Blue chips were down across the board. Technology stocks were notable losers after the Nasdaq, the U.S. technology board, broke technical support, as an earnings downgrade on chip giant Intel Corp hit sentiment. Banks were hurt by the unemployment hike which raised fears they would face mounting bad debt. The Hang Seng Index was down 1.76 percent, or 189.50 points, at 10,599.40 at 10.05 a.m. (0205 GMT). Leading the market down were its two biggest stocks: banking giant HSBC Holdings <0005> and China's biggest mobile phone operator China Mobile <0941>. HSBC fell 1.15 percent to HK$85.75. China Mobile dropped 2.17 percent to HK$22.55.