From: www.reuters.com
April 16, 2008 20:12 Beijing Time
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By Edwin Chan

HONG KONG, April 16 (Reuters) - Hong Kong stocks dipped onWednesday after stronger-than-expected Chinese economic growthand inflation helped erase timid gains, as investors frettedabout the possibility of more measures to curb raging growth.

The market slid into negative territory after Beijingannounced Gross Domestic Product was up 10.6 percent in the firstquarter, but analysts said investors had been expecting a robustnumber and so losses were constrained.

Shanghai reversed course and ended at a year's nadir afterthe release of March inflation data. [ID:nSHA244967]

"People are concerned about future measures, because thefigures are still quite strong," said ICEA Securities' Ernie Hon.

"It seems the A-share market investors are still very lackingin confidence. But actually, when the authorities really do putout measures, the market may go up, sort of like buying onrumour...

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