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Showing posts from October, 2015
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                            HSI Up 348 pts; Macau Gaming, Domestic Stocks Soar Hong Kong market fared well, following the U.S stocks rally. The market has lower expectation for interest rate hike in the remaining period of the year due to the lower than expected payrolls data in September. After surging by 659 pts on the last trading day, Hang Seng Index opened with an upside gap of 424 pts. The benchmark index soared 474 pts at most in the morning session but met resistance at the level of 22,000. It eventually closed at 21,854, up 348 pts or 1.6%. Hang Seng China Enterprises Index rose 197 pts or 2% to 9,883. Market turnover dropped to $75.92 billion. Macau gaming stocks continued their uptrend. SANDS CHINA LTD (01928.HK)    +0.850 (+3.434%)       Short selling $140.03M; Ratio 13.182%      and GALAXY ENT (00027.HK)    +1.150 (+5.300%)       Short selling $121.12M; Ratio 15.848%      advanced approximately 3.4% and 5.3%. On the other hand, automobile stocks sof