Mild retreat with China market: Index closed 21,330.670 (-53.82)

The Wednesday US market advanced further on a decline in Feb. producer price index (PPI), thus easing fear on inflation. DJIA finished at 10,733 (+47). The AP markets were mixed this morning.

This morning the March futurs opened at high 21,450 (+51), bringing the stock market to open at 21,438 (+54). The market then hovered at the 21,400 level. The morning session finished at 21,419 (+35). Half day turnover was 33.3 bil HK$.

During the lunch hour the China markets retreated, triggering the local market to gap down and re-open at the 21,300 level. HSI finished at 21,331 (-53). Total turnover of the day was 61.7 bil HK$.

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