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Market Update : 
Inflation Worries Drives HK Trading
Author: 123jump.com Staff
123jump.com
Last Update: 9:24 AM EDT April 08 2008

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Hong Kong Stock indexes fell on resurgent fears of credit market losses that led financial stocks lower. Hang Seng Index fell 1.9% or 267.07 at 24,311.69, and China Enterprises Index fell 1.67% or 223.66 to 13,196.22. Rising commodities prices and weak dollar fueled the inflation worries in the region. China business climate index fell on severe weather condition in the first quarter.

 
Singamas Container Holdings Ltd increased 8.9% to HK$2.33 after the world''s No. 2 shipping container maker doubled its second-half earnings on record volume and higher container prices.
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