[Dow Jones] HSBC ends down 0.8% at HK$79.30, vs HSI's 1.2% gain, as concerns over Europe credit issues weighing on stock, says Linus Yip at First Shanghai.
Expects current credit risks in Europe will have near-term effects on HSBC, tips stock to test below HK$75 near-term, level near 250-day moving average of about HK$73.40. Says, stock has not fully reflected the impact of prevailing Europe credit concerns.
Expects current credit risks in Europe will have near-term effects on HSBC, tips stock to test below HK$75 near-term, level near 250-day moving average of about HK$73.40. Says, stock has not fully reflected the impact of prevailing Europe credit concerns.
