Rabu, 27 Oktober 2010

Oct. 27 (Bloomberg) -- Hong Kong stocks fell for a second
day, sending the Hang Seng Index to its lowest level in two
weeks, as raw material producers declined and China Coal Energy
Co. tumbled after its profit missed analyst estimates.
     Cnooc Ltd., China’s largest offshore oil producer, dropped
2.2 percent, and Jiangxi Copper Co., the nation’s No. 1 producer
of the metal, slid 2 percent after commodity prices declined.
China Coal Energy, a unit of the country’s second-biggest
producer of the fuel, dropped 5.5 percent. BYD Co., the carmaker
backed by Warren Buffett, tumbled 8.2 percent after JPMorgan
Chase & Co. cut its rating to “underweight” from “neutral.”
The stock sank 10 percent yesterday on reduced earnings.

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