HK poised to launch fuel, oil exchange
2008-6-26 |
NEWSPAPER EDITION
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HONG Kong will launch a new exchange to trade fuel oil and other commodities in an effort to capitalize on the booming market for raw materials in China, organizers announced yesterday.
The Hong Kong Mercantile Exchange plans to trade US dollar oil contracts when it opens in the first quarter of 2009, then expand into other commodities trading.
Declines overdone, say HK traders
HONG Kong stocks rose, lifting the benchmark index from a three-month low, as investors speculated recent declines were overdone. Trading was limited to the afternoon session due to a storm warning, Bloomberg News...
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