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Energy, transport stocks hurting Tue

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decline3 December 3, 2012 (Chinavestor)Stocks in Asia followed US market lower on Tuesday. The Hang Seng Index (INDEXHANGSENG:.HSI) fell 128.1 points or 0.5%, just like the Dow Jones Industrial Average (INDEXDJX:.DJI) did a day before. The decline was universal in Hong Kong, stocks tat fell outnumbered those that advanced four to one among components of the 50 member index.

Chinese shipping and air companies led the decline after steady gains in November. Profit taking hurt ZTE Corp. (HKG:0763) on Tuesday after a strong finish in November.

Chinese stocks slipped on the NYSE and NASDAQ a day before, too. Oil companies led the decline followed by telecoms. Read related article here.

 

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