Hong Kong shares climbed, boosted by lenders

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Hong Kong stocks traded mostly higher on Monday after state-owned media announced more fund allocations of China's social security fund, raising hopes for more investment flow in the banking sector. Moreover, recently China's government has removed limitations on investments made by insurance firms into Chinese banks. The move spurred rally in financial stocks. However, the upswing remained capped by mounting uncertainty over the US fiscal deadlock. The Hang Seng Index added 0.16% to close at 22,541.18. Five out of nine sectors included in the index moved higher. The top-performers were utilities and lenders. Power Assets and Hong Kong and China Gas climbed 0.92% and 0.96%. Among banks, Construction Bank of China, ICBC and HSBC Holdings rallied 1.14%, 0.73% and 0.68%, respectively. At the same time, technology firms and telecommunications were the top-losers. Tencent dropped 0.56% while China Mobile slumped 0.50%.


Back to articles

Actual Topics

Mon, 24 Dec 2012 15:06:27 GMT

Russian equities bearish; Gazprom Neft limits losses

Russian shares are trading in the red area on Monday as worries over the US fiscal standoff continued to weight on global stock markets. Additionally, weak crude oil prices created heavy pressure on energy stocks, key drivers of the Russian stock index. Micex Index dropped 0.09% to trade at 1,476.15. Only two in nine industries included in the index were

Mon, 24 Dec 2012 14:44:27 GMT

South Korean stocks inched up; tech stocks led gains

South Korean shares ended Monday's session on the positive note despite lack of progress in the US fiscal talks weighting on riskier assets across the globe. However, upbeat US data and results of recent South Korean presidential elections capped losses of Korean equities. The Kospi 100 Index edged up 0.10% to finish at 1,988.39. However, only two in ten sectors

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.