Asia Satellite sharply higher after hitting low

Asia Satellite Telecommunications Holdings Ltd shares were sharply higher against a generally weaker market as investors looked for bargains after the stock hit a low of HK$ 8.35 yesterday, dealers said. At 3:33 pm, Asia Satellite was up HK$ 0. or 5.38 percent at $ 8.80 on volume of 1.00 million shares.

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