Hang Seng index closed higher

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP

On Thursday trade Hang Seng index experienced first increase this week as People's Bank of China agreed to ease reserve obligations for more lenders encouraging investors to believe in additional relaxation. Hang Seng closed at 0.4% or 70.67 points higher climbing to 17,935.10. Main positive contribution to the index was provided by property developers. China Overseas Land and Investment Ltd.  jumped 5.6%, China Resources Land Ltd. surged 4.3% while shares of Agricultural Bank of China Ltd. edged up 2.6%.

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Thu, 24 Nov 2011 13:51:44 GMT

Japan's Nikkei 225 ends lower after holiday

Although most Asian market indexes recovered on Thursday, Nikkei 225 closed lower at 8,165.18 giving up 149.56 points or 1.8%. Analysts explain Nikkei's loss as investors attempt to catch up to yesterday's developments in Europe. German poor auction amid poor manufacturing report from China had a negative impact on the index. Nikkei 225 was mainly hit by blue chip companies. Fujitsu Ltd. lost 2.6%,

Thu, 24 Nov 2011 13:47:11 GMT

Fitch Ratings decreased credit rating of Portugal

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