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Market Update : 
Refiners, Airlines Fall
Author: 123jump.com Staff
123jump.com
Last Update: 5:39 PM EDT May 06 2008

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Hong Kong stock indexes ended fractionally up in volatile trading as rising oil prices dragged stocks of airlines and oil refiners. Hang Seng Index rose 0.30% to 26,262.13, and the China Enterprises Index of Hong Kong-listed mainland companies, or H shares, increased 0.18% to 14,651.29. In Shanghai trade, CSI 300 Index fell 1.1% to 4,010.89. Crude oil futures reached a record high in Shanghai and Hong Kong trading dragging stocks of refineries and airlines.

 
Angang Steel also rose 2.7% to HK$20.80 on reports it is in talks with ArcelorMittal.
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