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Lee Fung is up 5.1% boosted by US consumer confidence

Source: Internet
Author: User
Keywords Consumer Hong Kong dollar confidence
Tags business consumer consumer confidence consumer expectations index market market confidence recovery
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Spurred by an upturn in the US consumer confidence index, Lee Fung (00494-HK) is up 5.1%, reporting 20.20 Hong Kong dollars, trading at HK $121 million and ending 5 even. U.S. consumer confidence figures show a sharp improvement in consumer expectations for the next 6 months and a positive correlation between consumer confidence and market confidence.　　The May US consumer confidence climbed to 54.9 from 40.8 in April, the highest level since September and the biggest increase since April 2003, deepening the market's vision of a recovery. The US business accounted for more than 60% of the 08 income, and the rise and fall of the U.S. economy has a significant impact on the benefits.

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