ING Baring downgrades HSI 12-months target to 12,000pts

Affected by unclear outlook of Hong Kong stocks, ING Baring will downgraded Hang Seng Index¡¦s 12-months target price to 12,000pts from 18,000pts. HSBC Holdings (0005) was maintained rating ¡§ short-sale sell¡¨, Hutchison Whampoa (0013) was maintained rating ¡§hold¡¨, China Mobile (0941) and Cheung Kong Holdings (0001) were maintained rating ¡§buy¡¨.  

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