MARKET COMMENT: HSI Off 1.5%; Belle, Chinese Financial Stocks Weigh
02/20/2013| 09:02pm US/Eastern
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0146 GMT [Dow Jones] The Hang Seng Index is down 1.5% in early trading, taking cues from Wednesday's decline on Wall Street following the release of the U.S. Federal Open Market Committee meeting minutes. Among blue-chips, Chinese footwear retailer Belle International (1880.HK) is down 12% at HK$16.26, after hitting an early low of HK$15.40. Chinese banking and insurance stocks are among the worst blue-chip performers, weighted by a soft performance in China's A-share markets. Bank of China (>> Bank of China Limited) is down 1.6% at HK$3.74 and Bank of Communications (>> Bank of Communications Co Ltd) retreats 1.9% to HK$6.09. China Life (>> China Life Insurance Company Limited) falls 1.5% to HK$23.45.(joanne.chiu@wsj.com)
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