Hang Seng dropped on China's growth worries

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Hang Seng Index edged down 0.14% on Tuesday to close at 18,877.33 amid spreading Eurozone's crisis and potential slowdown in China's economy. Moreover, disappointing Apple earnings report added to the negative mood of China's equity market. China property developers faced losses after Nanjing housing bureau reported that recent news on price increases were a ‘misunderstanding'. Sino Land and China Resources Land moved lower by 1.74% and 0.94%. Meanwhile, oil and gas sector lost 0.76% on fall in crude oil price. CNOOC and PetroChina tumbled 0.27% and 1.16%. Financials were slightly higher, with Hang Seng Bank and Bank of China climbing 0.67% and 0.36%.

 

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