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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Glenn who wrote (26364)	4/12/1999 1:27:00 AM
From: Tim Luke	Read Replies (1) \| Respond to of 90042

HK stocks rally cools, end morning off on Wall St HONG KONG, April 12 (Reuters) - Hong Kong stocks took a breather on Monday morning to end the session down in line with overseas markets and following the benchmark index's near eight percent gain last week, analysts said. The Hang Seng Index (^HSI - news) finished 134.80 points or 1.13 percent lower at 11,779.30 after opening sharply lower and sinking to a session low of 11,638.88. ''We are seeing a pretty sharp correction this morning which was expected since Wall Street didn't move up on Friday,'' Alan Hutcheson, director of research at Pacific Challenge, said. Trading activity was moderate with turnover of HK$3.08 billion, down from Friday morning's HK$4.4 billion.