Hong Kong Stocks market May Reverse Gains

Indonesia stock info - Hong Kong Stocks market May Reverse Gains ; The Hong Kong stock market has alternated between positive and negative finishes through the last six trading days, since the end of the modest two-day winning streak in which it had collected just shy of 200 points or 0.9 percent. The Hang Seng Index finished just above the 22,570-point plateau, and now traders are bracing for renewed selling pressure when the market opens on Friday.

The global forecast for the Asian markets is mixed with a downside bias, likely in rangebound trade with the ongoing U.S. debt limit debate continuing to weigh on sentiment. Gold stocks may fall on profit taking, while airlines and telecoms also figure to move lower. The European markets finished lower and the U.S. bourses ended mixed but little changed - and the Asian markets are expected to split the difference.

The Hang Seng finished slightly higher on Thursday, nudged into the green by gains from the blue chips.

For the day, the index added 29.05 points or 0.1 percent to finish at 22,570.74 after trading between 22,231.07 and 22,572.30 on volume of 65.65 billion Hong Kong dollars.

Among the actives, Power Assets jumped 4.0 percent, while Hutchison Whampoa climbed 3.0 percent, Li & Fung plunged 3.8 percent and Sands China added 2.6 percent.

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