Tuesday, July 17, 2007

Hong Kong's Hang Seng Index Slides; China Mobile and Cnooc Lead Declines

(Bloomberg) -- Hong Kong's stocks fell as investors
judged as excessive the market's recent rally. China Mobile Ltd.
led declines.

Shares also dropped on concern China will lift interest
rates to cool the economy. The government will probably say
tomorrow that the economy expanded 11 percent in the second
quarter, according to a Bloomberg News survey of economists.


Read more at Bloomberg Stocks News

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