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 Stocks
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17 Oct 04 16:38
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HK to post gains
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SHARE prices are expected to post modest gains this week on a technical rebound following recent losses on persistent concerns over rising oil prices, dealers said.
World oil prices hovered close to record high points approaching US$55 a barrel on Friday as traders fretted about low inventories of US heating fuel heading into winter in the northern hemisphere.
The record oil prices have dampened market sentiment worldwide as investors fear it will slow the growth of major economies.
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