Hong Kong stocks edge up slightly in early trading

October 27th, 2008 - 9:57 am ICT by IANS  

Hong Kong, Oct 27 (DPA) Hong Kong’s benchmark Hang Seng Index edged up fractionally in early trading Monday after crashing to a four-year low at the end of last week.The blue-chip index moved up 22.21 points, or 0.18 percent, to 12,640.59 points in the first 10 minutes of trading Monday morning, despite predictions that the market would open with further losses.

Hong Kong stocks have been among the hardest hit by the recent global economic turmoil, sinking 8.3 percent on Friday and shedding 30 percent of its value since the beginning of October.

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