Hang Seng index jumps 1% after holiday

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Source: Dukascopy Bank
Hong Kong's Hang Seng index followed its Chinese counterpart and rallied on Wednesday supported by positive manufacturing expansion in mainland. China's official PMI climbed from 53.1 in March to 53.3 in April. Hang Seng index jumped 1.02% or 214.87 points and settled at 21,309.08. Eight sectors within the index posted substantial gains. China Coal Energy gained 1.4% and Cathay Pacific Airways surged 1.7%. Export dependent Esprit rallied 2.4%. 

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Wed, 02 May 2012 12:16:36 GMT

German unemployment unexpectedly surged in April

German jobless rate unexpectedly climbed first time in last six months as debt turmoil curbed economic growth. The number of unemployed people increased by 19 000, reaching 2.87 million, compared to an expected drop by 10 000 people. The adjusted unemployment rate was 6.8%. 

Wed, 02 May 2012 09:30:47 GMT

Asian shares lifted by official China's PMI data

Asian share markets traded mostly higher on Wednesday as most of investors returned from holiday and anticipated optimistic Chinese official PMI data which indicated expansion. Hang Seng index climbed 1%, Shanghai Composite index added 1.8% and South Korea's Kospi gained 0.8%. Japanese Nikkei 225 index surged 0.3% and Australia's S&P/ASX 200 soared 0.1%.

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