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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (5732)	11/8/1998 10:06:00 PM
From: Sam Nizam	Respond to of 7247

Sunday November 8, 9:43 pm Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) HK stocks fall sharply in morning on profit-taking HONG KONG, Nov 9 (Reuters) - Hong Kong stocks were easier in early trade on Monday with profit-taking on heavyweight blue chips that sent the Hang Seng Index below 10,000 points, brokers said. The Hang Seng Index was down 204 points, or 2.02 percent, at 9,935 points. Turnover was HK$1.36 billion. ''The market continues to consolidate and there is concern over whether the government will sell part of its Hong Kong stock portfolio,'' said Percy Au-Young, sales director, DBS Securities.