HK shares edge higher on positive outlook for China's economy

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Hong Kong shares advanced on China-related equities, as optimism was raised by hopes on economic recovery. Chinese property led gains as investors persisted to purchase into one of the year's best performing sectors. The investors mainly focused on mainland-related property, banking and resource businesses.

The Hang Seng index surged 0.4% to 22,276.7, below last week's high.  The gains were capped by weaker-than expected data on Chinese export growth, although it did not have much impact.Six industries within the index inched higher with Consumer services surging the most by 1.82%, followed by Telecommunications and Technology advancing 1.04% and 0.96%, respectively. The biggest gainers were Esprit Holdings by adding 2.72%, China RES Power by increasing 2.51% and Sands China Ltd by soaring 2.50%. Meanwhile, the shares that lost the most were of Hengan INT'L, Kunlun Energy and China Overseas by dropping 2.30%, 1.58% and 1.48%, subsequently.

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Mon, 10 Dec 2012 17:59:49 GMT

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