HK stocks fall in early trade on profit taking

Newswire

(Adds quote, details) HONG KONG, Oct 31 (Reuters) - Hong Kong stocks fell in early trade on Friday, as investors scurried to take profits on good news after the United States reported surprisingly strong third-quarter economic growth. China's number-two mobile carrier, China Unicom Ltd , was the biggest blue chip loser, falling 3.9 percent to HK$7.40 after investment bank Merrill Lynch downgraded the stock to "sell" from "neutral", citing high valuation concerns. The company reported ...

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