Existing users please login

Forgot Password

    Home

    Wednesday, November 25, 2009

    China Minsheng's IPO Weighs On Hong Kong Shares

    | Respond to Editor | Print

     
    By V. Phani Kumar
    MarketWatch Pulse
       

      HONG KONG -- Hong Kong shares declined early Thursday with Chinese banking shares weighed down as a weak debut for China Minsheng Bank Corp. Ltd. hurt sentiment. The Hang Seng Index fell 0.6% to 22,477.90 and the Hang Seng China Enterprises Index dropped 0.8% to 13,345.88. Among banks, Bank of China Ltd. lost 0.7% and China Construction Bank Corp. fell 1.4%. Minsheng Bank shares started trade at 9.05 Hong Kong dollars ($1.17), below its IPO price at HK$9.08, after the bank raised $3.9 billion. The stock was recently at HK$9.02, with over 280 million shares having changed hands in the first few minutes of trading.

      Copyright © 2009 MarketWatch, Inc.

      Fox Business Video


      Last 5 Stocks

      • Ticker
      • Company
      • Price
      • Change
       

      Personal Finance - Investing - Financial News - Business News - Stock Market Quotes & News - Small Business

      Advertise with us | Jobs at FOX Business Network | Internships at FBN

      Terms of use. Privacy Statement. For FOXBusiness.com technical issues write to foxbusinessonline@foxbusiness.com; for all other feedback, write to feedback@foxbusiness.com.

      Quotes delayed at least 15 minutes. Market Data provided by Interactive Data (Terms & Conditions). Powered and implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.

      This material may not be published, broadcast, rewritten, or redistributed. ©2010 FOX News Network, LLC. All rights reserved.