HK stock market under profit-taking pressure today

Traders say mixed Wall Street overnight and 2.5% fall in Nikkei likely to spark profit-taking pressure in HK today, with HSI likely to test psychological support at 11,000. If 11,000 broken, next immediate support is 10,800 . Traderssay volatility in U.S. markets has reduced investor's appetite for long positions although many stocks are regarded as attractively valued . Selloff likely to be broad-based, say traders, noting China Mobile (0941) and China Unicom (0762) likely to be downside leaders after chalking up hefty

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