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HK'S PCCW SINKS MORE THAN 4 PCT TO 4.20 HKD IN LIGHT AFTERNOON TRADE
partly due to the expiration of the July index futures contract and its poor fundamental outlook, dealers said.The expiration of the July contract today "is only part of the reason," said Peter Lai, director of OCBC Securities in Hong Kong.
"Fundamentally, it isn't that great, as we all know," said Lai.
PCCW is facing stiff competition for fixed line customers, and from mobile telephone operators, analysts said.
