HONG KONG (AFX) – Share prices finished the morning session sharply lower as investors locked in quick profits after yesterday’s gains, with selling by hedge-funds andderivatives traders aggravating the falls, dealers said.
Worries over interest rates and possible violent protests during next week’s World Trade Organization summit weighed down sentiment, they said.
The Hang Seng Index ended the morning down 192.04 points or 1.27 pct at 14,942.91, off a low of 14,902.71 and and high of 15.095.18.
Turnover was 13.36 bln hkd.
‘The market’s big fall was puzzling because fundamentals have not changed much and it is unlikely for investor sentiment to turn drastically bearish overnight,’ said HowardGorges, vice chairman at South China Securities.
