Chinese shares tumbled amid domestic demand concerns

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

Hong Kong shares plunged on Tuesday amid worries that China's economic slowdown will weight on domestic demand. However, speculation that the PBOC will announce stimulus measures provided slight support for Chinese equities. The Hang Seng Index tumbled by 1.18% to end Tuesday's session at 20,052.29. Only two in ten industries included in the index rose. The top-gainer was consumer services company, Sands China, as gaming industry in Macau is seen to expand rapidly in the next months. The worst performers were basic materials and telecommunications. Aluminum Corp China and China Coal declined by 2.06% and 3.72%. The NDRC increased a target of total coal production for 2012 by annualized 3.7% compared to a 8.6% growth target last year. Lenders also moved lower, with Bank of China and Bank of East Asia tumbling by 0.66% and 0.85%.

 

Actual Topics

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.