Hong Kong stocks end morning lower

2007-12-27 21:38:58 AFP

HONG KONG, Dec 28, 2007 (AFP) - Hong Kong share prices finished Friday morning 1.10 percent lower after falls on Wall Street and in Asia following the assassination of Pakistani opposition leader Benazir Bhutto, dealers said.

Weaker-than-expected durable goods orders in the US also fuelled worries the world's biggest economy may be headed for recession.

The Hang Seng Index was down 296.11 points at 27,546.82.

"The recent economic data in the US showed that there are still no signs of a recovery," said Alex Tam, research analyst at CSC Securities HK Ltd.

"That's keeping the bulls out of the market."