Hong Kong Investors

Hong Kong Investors:

This report was prepared, approved and published by the Bank, and distributed in Hong Kong by the Bank's Hong Kong Branch. The Hong Kong Branch is a registered institution with the Hong Kong Monetary Authority to carry out the Type 1 (Dealing in securities) and Type 4 (Advising on securities) regulated activities under the Securities and Futures Ordinance. Investors should understand the risks in investments and that prices do go up as well as down, and in some cases may even become worthless. Research report on collective investment schemes which have not been authorized by the Securities and Futures Commission is not directed to, or intended for distribution in Hong Kong.

28 August 2008 - AEST 8.30am - USD ended European and US sessions only modestly firmer from the Asian close - Euro eased from levels around US$1.4775 in European trade to around US$1.4670 ending US trade near US$1.4730 - AUD fell from highs of US86.35c to US85.35c ending US trade near US85.85c - JPY weakened from 108.70 yen per US dollar to JPY109.90 ending at JPY109.50 - US share markets posted solid gains on Wednesday investors comforted by solid business spending data - The Dow Jones index rose by almost 90pts or 0.8pct - The Nasdaq lifted by 20pts or 0.9pct - Trading in Fannie Mae was halted and an announcement was made - US 10yr yields eased 1pt to 3.77pct while US 2yr yields fell by 4pts to 2.29pct - The September Nymex crude oil quote rose by US$1.88 or 1.6pct to US$118.15 - London Brent rose by US$1.59 to US$116.22 a barrel - base metal prices posted solid gains on the London Metal Exchange on Wednesday - The price of gold was also higher on Wednesday benefiting from a renewed investor push into commodities.

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