HONG KONG (Dow Jones) – The Hong Kong Stock Exchange shows on Friday claimed after five trading days in a row with gains. The HSI is for noon (local time) minus the minimum at 20 432 points, after he had initially risen further. Dealers speak first signs of fatigue after the last increase of 7.5 percent. On the stock market in Shanghai will be traded because of the celebrations surrounding the New Year until Monday resist.

Since the market is overbought and appears now also lies at 21 000 points, a technical resistance are likely to outweigh short-term profit-taking, so market expert Ben Kwong of KGI Asia. Especially likely to affect this cyclical securities, while defensive stocks such as China Mobile (+1.2 percent) could be sought. Profit-taking press against China Life by 1.9 percent and China Overseas Land up 1.5 percent.

DJG / DJN / gos

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