Hang Seng index erases losses on Friday

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Source: Dukascopy Bank
After opening lower, Hong Kong's Hang Seng index managed to offset losses and finished higher on Friday, gaining 0.09% or 17.53 points and closed at 20,756.98, led by property and mining shares. Telecommunications company Hutchison Whampoa Ltd. climbed 3.3% after announcing its unit in Europe will buy Orange Austria. Agile Property Holdings Ltd. added 1.8%, while China Resources Land Ltd. gained 0.9%. Esprit Holdings rose for a second straight session, adding 2.5%. 

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Fri, 03 Feb 2012 12:01:56 GMT

Nikkei 225 weighted down by earnings reports

Japan's Nikkei Stock Average index retreated from previous gains and declined on Friday as investors anticipated disappointing earnings reports. Nikkei 225 index lost 0.42% or 37.22 points and settled at 8,831.93. Yamaha tumbled 7% on weak earnings and Sumitomo Metal Industries Ltd. gave up 2.2% after predicting fiscal year loss. On the upside Sony Corp. recovered from earlier reporting quarterly

Fri, 03 Feb 2012 11:30:39 GMT

Dow Jones down on Pfizer and tech stocks

Dow Jones Industrial Average Index slightly declined on Thursday as investors awaited for hiring data on the next trading session. Blue chip index slipped 0.09% or 11.05 points and closed at 12,705.41, weighted down by technology and health care shares. Pfizer declined 0.8% after recalling birth control pills. Walt Disney gave up 1% while Hewlett Packard and IBM dropped 0.9%

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