Hang Seng 0.3% up on Friday

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Source: Dukascopy Bank
Hong Kong's Hang Seng index extended gains on Friday, led by telecommunication and banking shares. Hang Seng index climbed 0.31% or 62.53 points and finished at 20,501.67. HSBC Holdings PLC added 0.9% and China Mobile Ltd. surged 1.99%. Banks showed better performance on hopes that year 2012 will be more successful for equity markets. On the downside property shares retreated after recent gains with China Overseas Land & Investment Ltd. declining  3.4% and Cheung Kong Holdings Ltd, falling 2.1%. 

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Fri, 27 Jan 2012 17:58:02 GMT

FTSE 100 index drops on weaker US data

After climbing 1.3% on Fed announcement yesterday, FTSE 100 index fell back 0.6% on Friday, pushed down by Greek inability to reach agreement on its debt write-off amid weaker US housing sales data. Eight out of ten sectors posted losses during the session, driven by energy and telecom shares. BP Plc. lost 2.2%, after the court said the company cannot

Fri, 27 Jan 2012 16:57:14 GMT

Expansion of European loans slowed down by crisis

The growth of the European loans owed by businesses and households decreased in December amid worsening economic outlook in the region and credit tightening measures of banks. Private sector loans showed a 1% increase on an annual rate, reported the ECB. Moreover, the pace of growth in M3 money supply tumbled to 1.6% from 2%.

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