Wednesday, 11 July 2007

Hong Kong's Stocks Slide for First Time in Seven Days; Yue Yuen Drops

(Bloomberg) -- Hong Kong's stocks fell for the first
time in seven days as investors judged excessive a rally that
drove the Hang Seng Index to a record. China Construction Bank
Corp. led the drop.

Shares also declined as earning reports from U.S. retailers
heightened concern a weak housing market is hurting consumer
spending. Yue Yuen Industrial (Holdings) Ltd. slipped.


Read more at Bloomberg Stocks News

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