AGL 38.54 Increased By ▲ 0.97 (2.58%)
AIRLINK 129.50 Decreased By ▼ -3.00 (-2.26%)
BOP 5.61 Decreased By ▼ -0.03 (-0.53%)
CNERGY 3.86 Increased By ▲ 0.09 (2.39%)
DCL 8.73 Decreased By ▼ -0.14 (-1.58%)
DFML 41.76 Increased By ▲ 0.76 (1.85%)
DGKC 88.30 Decreased By ▼ -1.86 (-2.06%)
FCCL 35.00 Decreased By ▼ -0.08 (-0.23%)
FFBL 67.35 Increased By ▲ 0.85 (1.28%)
FFL 10.61 Increased By ▲ 0.46 (4.53%)
HUBC 108.76 Increased By ▲ 2.36 (2.22%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.75 Decreased By ▼ -0.11 (-2.26%)
KOSM 6.95 Increased By ▲ 0.10 (1.46%)
MLCF 41.65 Decreased By ▼ -0.15 (-0.36%)
NBP 59.60 Increased By ▲ 1.02 (1.74%)
OGDC 183.00 Increased By ▲ 1.75 (0.97%)
PAEL 26.25 Increased By ▲ 0.55 (2.14%)
PIBTL 5.97 Increased By ▲ 0.14 (2.4%)
PPL 146.70 Decreased By ▼ -1.70 (-1.15%)
PRL 23.61 Increased By ▲ 0.39 (1.68%)
PTC 16.56 Increased By ▲ 1.32 (8.66%)
SEARL 68.30 Decreased By ▼ -0.49 (-0.71%)
TELE 7.23 Decreased By ▼ -0.01 (-0.14%)
TOMCL 35.95 Decreased By ▼ -0.05 (-0.14%)
TPLP 7.85 Increased By ▲ 0.45 (6.08%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.45 Decreased By ▼ -0.40 (-0.79%)
UNITY 26.75 Increased By ▲ 0.35 (1.33%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,806 Increased By 37.8 (0.39%)
BR30 29,678 Increased By 278.1 (0.95%)
KSE100 92,304 Increased By 366.3 (0.4%)
KSE30 28,840 Increased By 96.6 (0.34%)

Hong Kong share prices face a tough test next week as investors hope to see the market stabilise after the recent turbulence but know they must first get over a key US employment report due later in the day, dealers said Friday.
They said much will depend on the reaction on Wall Street to the US jobs data, with strong figures likely to help confirm this week's tentative regional recovery.
A disappointing report in turn could kick off another downturn, raising fresh concerns over the US economic outlook ahead of a meeting by the US central bank.
For the week to March 9, the benchmark Hang Seng Index shed 307.13 points or 1.58 percent to finish at 19,134.88, a marked improvement over the previous week's heavy losses of 6.13 percent.
Dealers said that after the US labour data Friday, investors will be looking carefully at more US figures, especially on inflation, to guage what the US Federal Reserve may decide next on interest rates.
"The big sell-off seems to be over but Hong Kong's markets are very much tied to what happens in the US," said Hirokatzu Yuihama, strategist at Daiwa Securities.
"If the (inflation) figures are good we could even be looking at a (US interest) rate cut by the middle of the year, in, say, June," he said. Other key indicators expected next week include US retail sales and industrial output.
Yuihama was confident that Hong Kong's economic fundamentals were intact and that any further losses would be absorbed relatively easily. "Domestic consumption is still robust so there isn't much to worry about," he said.

Copyright Agence France-Presse, 2007

Comments

Comments are closed.