홍콩 증시 마감 시황(영문기사2)

[산정상]

Hong Kong shares close sharply higher on Wall St rally, 'through-train' - UPDATE

 

HONG KONG  - Hong Kong shares closed Wednesday sharply higher as Wall Street's overnight rebound sparked buying across the board, adding more than 1,300 points to the benchmark index.

The US market bounced back on Tuesday from a slump after reassuring news from Goldman Sachs and Wal-Mart Stores eased concerns over the credit crisis and the economy. "Gains in the US indexes helped boost local investors' confidence. The market has lost more than 4,000 points over the past few days and so a technical rebound was, of course, on its way," said Kitty Chan, director at Celestial Asia Securities.

The benchmark Hang Seng Index gained 1,362.66 points or 4.9 percent to close at 29,166.01, off an intraday high of 29,175.26.

Volume traded was 13.36 billion shares worth 149.12 billion Hong Kong dollars.

Investors also bought shares on optimism that Chinese citizens will be able to buy and sell Hong Kong shares in the coming months under a program dubbed the "through train", after The Standard newspaper reported today that the scheme's implementation is on track.

"The 'through train' is not delayed or halted. Mainland officials are already studying the details of the policy," the paper quoted Hong Kong Association of Banks chairman Peter Sullivan as saying. "All preparatory work is still in progress and officials do not want to make an abrupt decision." The group and Hong Kong Monetary Authority chief executive Joseph Yam yesterday discussed the investment scheme with People's Bank of China deputy governor Su Ning in Shanghai, the newspaper said.

The Hong Kong market has scaled record highs since the program was announced on Aug 20, with investors hoping that Chinese citizens would buy Hong Kong-listed shares of Chinese companies because they are cheaper than their mainland counterparts.

The main index lost 5.5 percent last week and 3.9 percent on Monday after Chinese Premier Wen Jiabao set conditions for the implementation of the program, raising fears it would be delayed further.

China Mobile Ltd, the world's biggest wireless carrier, led the advance amid excitement over the carrier's ongoing talks with US consumer electronics maker Apple to launch its much-hyped iPhone in the mainland. "China Mobile has been trying to increase its revenue from value-added services like downloads and instant messages, and the company has also been working on upgrading its network so the iPhone will be a good fit in its business model," said Marvin Lo, analyst with Daiwa Securities.

The stock was up 11.9 dollars or 9.2 percent at 140.80 dollars.

China Petroleum and Chemical Corp or Sinopec gained 1.08 dollars or 10.3 percent to 11.62 dollars as global oil prices recovered on Wednesday in a technical rebound after heavy falls sparked by forecasts of lower global demand.

Mainland stocks, which lagged broad market gains on Tuesday, surged ahead on hopes of higher fund inflows from the mainland. The China Enterprises Index was up 1142.05 points or 6.8 percent at 17,837.13. Buying was also boosted by a nearly 5 percent gain on the Shanghai Composite index.

Chinese banks extended gains as investors shrugged off Monday's reserve requirement hike as well as concerns over further credit tightening measures from Beijing.

"Even if the Chinese government tries to raise interest rates, it won't lead to a deterioration in the earnings of banks. In fact, it would increase their interest income and boost profitability," said Castor Pang, strategist at Sun Hung Kai Financial. China's biggest bank by assets, Industrial and Commercial Bank, rallied 33 cents or 5.4 percent to 6.49 dollars.

Bank of China, the number two bank on the mainland, gained 22 cents or 4.9 percent to 4.69 dollars.

China Construction Bank, the third-largest bank, jumped 53 cents or 7.1 percent to 7.98 dollars.

China Life, the world's largest life insurer by market value, surged 2.85 dollars or 6.6 percent to 45.75 after UBS Investment Research raised its rating on the stock to "buy" from "neutral" on optimism that the company's premium income growth will accelerate. Stock market operator Hong Kong Exchanges and Clearing Ltd (HKEx) was up 12.40 dollars or 5.5 percent at 239.

HKEx reported shortly after the market closed for the midday break that its third-quarter net profit nearly tripled from a year earlier as brisk trading bolstered income.

Its net profit for the quarter rose to 1.68 billion Hong Kong dollars from 565.7 million dollars in the same period last year, in line with analysts' expectations.

HSBC Holding was 1.70 dollars or 1.2 percent higher at 139 dollars ahead of its US earnings announcement. After the market closed, the bank released its results, saying its third-quarter loan impairment charge for the US operations stood at 3.4 billion US dollars.

Analysts had expected the bank to report substantial writeoffs and impairment charges from its exposure to the subprime market.

Chinese telecom shares were higher in Hong Kong on a technical rebound following the market's recent sharp declines, buoyed by hopes the long-awaited industry consolidation could take off sooner than expected.

China Unicom soared 90 cents or 6.2 percent to 15.44 dollars.

China Telecom Corp, the nation's largest fixed-line provider, jumped 43 cents or 8.1 percent to 5.75 dollars. China Netcom Group Corp, the smaller of China's two state-owned fixed-line operators, was 1.04 cents or 5.2 percent higher at 21 dollars.

Media reports have cited the bosses of the two state-owned telcos as saying the long impending restructuring in the sector will see the government combining smaller companies to enhance their competitiveness.

"We see these comments to be significant in that this is the first time that the senior management of China Mobile and China Unicom have publicly acknowledged the government's objective and that restructuring is unavoidable," said Helen Zhu, an analyst with Goldman Sachs. Chan of Celestial Securities expects the index to trade in the 28,000-30,000 range this week and to test new highs around Christmas time when another flurry of IPOs is likely to hit the local market, which she said could fuel further fund inflows.

[구미호]

하...아래글 번역인줄 알고 왔는데

[LEE MI JUNG]

번역해서 글을 올리삼~ 영어 딸립니다...그것도 생활영어도 아니고 ~~~쩝ㅋㅋ

[펀드공유]

번역해서 올려 주심 금상첨화인데..딸리는 사람은 ..쩝^^:

[멋진이]

.. 아, 아하.. 오호..그렇군요..저래서 그랬었던 거였군요...뿡뿡=333 누가 해석좀..

[백마electric]

수익률이 쑥쑥님 번역 감사 합니다건시간 되셔요

[백마electric]

정상님 좋은 정보 감사 합니다....담 글은 퇴근후 집에가서 봐야지

[영원1]

또, 은행권 관련해서, 중국정부에서 지준률인상을 하더라도 중국 은행의 수익률 하락을 이끌지 못할것이며, 사실 이로인해 오히려 중국 은행의 이자률의 수익을 부추길것이라 castor pang은 밝혔다.

[건우아빠]

펀드매니져들이 주식을 주워담기 시작했네요... 좋은 소식 감사드립니다. 산정상님..^^

[밍밍2]

짝짝짝~~~~박수 보내요