Wednesday, July 11, 2007

Hong Kong's Stocks Post Biggest Drop in a Month; Construction Bank Falls

(Bloomberg) -- Hong Kong's stocks fell, with the
Hang Seng Index posting its biggest drop in a month, as investors
judged excessive a rally that drove the Hang Seng Index to a
record. China Construction Bank Corp. led the drop.

Shares also declined as earning reports from U.S. retailers
heightened concern a weak housing market is hurting consumer
spending. Li & Fung Ltd. slipped.


Read more at Bloomberg Stocks News

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