HK stocks lower early, CNOOC falls to profit-taking

Newswire

(Updates with early level, stock moves, comments) HONG KONG, Dec 20 (Reuters) - Hong Kong stocks were lower in early Friday trade, after the United States said Iraq was in "material breach" of a United Nations disarmament resolution, intensifying fears that a war between the two is inevitable. Investors were also unwilling to hold on to positions ahead of the Christmas holidays, selling down telecom stocks such as China Unicom Ltd , as uncertain earnings growth worsened sentiment on the ...

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