Hong Kong equities tumbled as stimulus hopes faded

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/Reuters
Hong Kong stocks dipped on Friday amid mounting concerns that the government will not implement additional reforms to stimulate slowing economy. The market sentiment was also dampened by on-going worries over the US fiscal cliff. However, upbeat China's economic reports limited losses of the equities. China's industrial production and retail sales growth jumped more than expected in September. The Hang Seng Index sagged 0.85% to close at 21,384.38. All sectors within the index declined. The top-losers were technology and basic materials sectors. Tencent and Aluminum Corp of China (CHALCO) shed 1.33% and 3.51%. Meanwhile, lenders also moved lower after the PBOC governor Zhou Xiaochuan stated that the country would stick to its current monetary policy in 2013. Bank of East Asia, Hang Seng Bank and Bank of Communications sank 2.05%, 1.87% and 1.09%, respectively.


Back to articles

Actual Topics

Fri, 09 Nov 2012 17:19:01 GMT

U.S. Consumer confidence grows more tha expected

Consumer confidence advanced more than expected this month touching the highest level in five years on improving labor market in the U.S. The consumer sentiment index rallied to 84.9 in November, compared with the prior month's reading of 82.6. The index showed the fourth biggest improvement since July 2007, as it was forecast to stay at 82.9 for this month. The sentiment of Americans is

Fri, 09 Nov 2012 17:29:28 GMT

Euro lower on growth outlook

On Friday, the 17-nation currency hit a 1-month low versus the Japanese Yen, U.S. Dollar amid losses in Eurozone growth prospects and uncertainty over Spain's and Greece's bailouts. The Euro declined by 0.2%, reaching a level of 100.99 Yen. Elsewhere, it fell by 0.1% versus the greenback to trade at $1.2733, which was close to a 2-month low of $1.2717.

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.