Hong Kong stocks fell 1.88 percent yesterday to post their worst quarterly performance in more than six years, as investors took to the sidelines on lingering concerns about the global credit crunch.
Canon faces uncertainties this year despite sales of $1 billion in 2007, up 30 percent on the previous year.
Hutchison Whampoa Ltd posted a 50 percent gain in second-half profit as losses from high-speed phone services shrank and earnings from energy and ports increased.
Chinese consumers prefer local brands to foreign ones, with domestic products the top choice in 39 of 57 categories, or 68 percent, in a recent survey.
Shanghai stock market ended lower yesterday as China Pacific Insurance became the first major share to fall substantially below its IPO price since a suspension of IPOs was lifted in mid-2006.
China's insurance regulator is striving to develop a micro insurance market in rural areas, in a move to help farmers and low-income families better manage risks.
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Raymond Zhou
Op Rana
Berlin Fang
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Huang Xiangyang
Chen Weihua
