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Alibaba's shares have retreated to an oversold territory.


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China Southern closed up 7.29 per cent at $2.575 on strong volume of $128.57 million.


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resumed trading


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Cyberworks is now Hong Kong¡¦s eighth-largest firm by market capitalisation, less than seven months after going public.


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The price of PCCW's shares has fallen more than 82 per cent since the company took over HKT on August 17, closing at $2.70 yesterday.


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More than $5 billion worth of Cyberworks shares changed hands, accounting for more than one-third of stock market turnover.


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PCCW stock has fallen 9.9 per cent so far this year on fears that Britain's Cable & Wireless will offload half of its 15 per cent stake in PCCW after a lock-up period expired earlier this week.


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cheap-looking firms


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The red-chip bubble ultimately burst, with most now trading at below their issue prices.


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Mainland-related shares also traded negatively.


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I will consider buying China Mobile again once the Hang Seng Index finds support at 15,200.


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The share prices of defence firms are performing better than the overall stockmarket.


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bucked the trend


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With the exception of market leader HSBC, bank shares were broadly lower at the close yesterday, with Hang Seng's shares ending down HK$1.00, or 1.26 per cent, at HK$78.50.


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In the short-term, the movement of China Life's A-shares will deviate from fundamentals due to the recent bullish sentiment [in the market].


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the paper losses


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has more than doubled in value since an October 2022 trough


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now trade below their IPO price


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soar and plunge mysteriously


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Shares dipped to $8.95 before recovering slightly to $9.05.


 

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