HK shares hit record; Hang Seng tops 20,000

时间：2006-12-29 00:55:21

（单词翻译:单击）


An electronic billboard1 showing the Hang Seng Index is seen in Hong Kong Dec. 28, 2006. Hong Kong stocks rose to end above the 20,000-point threshold on Thursday as shares forged fresh records.
 
Dec 28 - Hong Kong blue-chip stocks topped the 20,000-point threshold for the first time on Thursday, riding persistent2 optimism over Chinese stocks.

 

The Hang Seng Index rose to a record 20,001.17 before ending the morning at 19,961.15, up 1.19 percent.

 

"It's time for the market to take a break," said Alfred Chan, a chief dealer3 at Cheer Pearl Investment Ltd.

 

"A healthy correction is needed after the recent rally," he said, adding the index would find support at 19,500.

 

According to Reuters, Hong Kong-listed Chinese shares , which posted their biggest daily percentage gain in 5 years on Wednesday, rose to an all-time high of 10,455.45 before ending the morning at 10,420.48 for a gain of 1.6 percent.

 

Turnover4 stood at HK$30.04 billion (US$3.85 billion) at the mid-session, up 8.8 percent from Wednesday's HK$27.6 billion, Reuters said.

 

Hong Kong stocks rose in post-Christmas trade on Wednesday and Thursday, catching5 up with gains in China's domestic markets in past days following news that the country may unify6 its corporate7 tax system in 2007.

 

Shares of Bank of China gained 2 percent to HK$4.16, Bank of Communications was up 4.5 percent at HK$9.91, and China Construction Bank increased 0.4 percent to HK$5.08.

 

Investors8 had begun also to lock in profit -- putting pressure on Chinese financial stocks.

 

Industrial and Commercial Bank of China fell 0.8 percent to HK$4.94. The country's largest lender expects 2006 net profit to grow more than 26 percent, the Shanghai Securities News cited chairman Jiang Jianqing as saying.

 

Shares of China Life Insurance Co. fell 0.55 percent to HK$27.05. The country's biggest life insurer set the price range in its US$3.6 billion Shanghai IPO at 18.88 yuan per share, the top of an 18.16-18.88 yuan range set at the start of this week's initial public offer.

 

China Netcom Group Corp. (Hong Kong) Ltd. fell 13.8 percent to HK$21.95 after leaping more than 30 percent on Wednesday in a frenzy9 of speculation10 revolving11 around its possibly winning a licence to offer third-generation services.

 

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1 billboard Ttrzj     
n.布告板，揭示栏，广告牌
参考例句：
  • He ploughed his energies into his father's billboard business.他把精力投入到父亲的广告牌业务中。
  • Billboard spreads will be simpler and more eye-catching.广告牌广告会比较简单且更引人注目。
2 persistent BSUzg     
adj.坚持不懈的，执意的；持续的
参考例句：
  • Albert had a persistent headache that lasted for three days.艾伯特连续头痛了三天。
  • She felt embarrassed by his persistent attentions.他不时地向她大献殷勤，使她很难为情。
3 dealer GyNxT     
n.商人，贩子
参考例句：
  • The dealer spent hours bargaining for the painting.那个商人为购买那幅画花了几个小时讨价还价。
  • The dealer reduced the price for cash down.这家商店对付现金的人减价优惠。
4 turnover nfkzmg     
n.人员流动率，人事变动率；营业额，成交量
参考例句：
  • The store greatly reduced the prices to make a quick turnover.这家商店实行大减价以迅速周转资金。
  • Our turnover actually increased last year.去年我们的营业额竟然增加了。
5 catching cwVztY     
adj.易传染的，有魅力的，迷人的，接住
参考例句：
  • There are those who think eczema is catching.有人就是认为湿疹会传染。
  • Enthusiasm is very catching.热情非常富有感染力。
6 unify okOwO     
vt.使联合，统一；使相同，使一致
参考例句：
  • How can we unify such scattered islands into a nation?我们怎么才能把如此分散的岛屿统一成一个国家呢？
  • It is difficult to imagine how the North and South could ever agree on a formula to unify the divided peninsula.很难想象南北双方在统一半岛的方案上究竟怎样才能达成一致。
7 corporate 7olzl     
adj.共同的，全体的；公司的，企业的
参考例句：
  • This is our corporate responsibility.这是我们共同的责任。
  • His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。
8 investors dffc64354445b947454450e472276b99     
n.投资者，出资者( investor的名词复数 )
参考例句：
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
9 frenzy jQbzs     
n.疯狂，狂热，极度的激动
参考例句：
  • He was able to work the young students up into a frenzy.他能激起青年学生的狂热。
  • They were singing in a frenzy of joy.他们欣喜若狂地高声歌唱。
10 speculation 9vGwe     
n.思索，沉思；猜测；投机
参考例句：
  • Her mind is occupied with speculation.她的头脑忙于思考。
  • There is widespread speculation that he is going to resign.人们普遍推测他要辞职。
11 revolving 3jbzvd     
adj.旋转的，轮转式的；循环的v.（使）旋转( revolve的现在分词 )；细想
参考例句：
  • The theatre has a revolving stage. 剧院有一个旋转舞台。
  • The company became a revolving-door workplace. 这家公司成了工作的中转站。

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