Hang Seng modestly higher on Tuesday

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Source: Dukascopy Bank
Hong Kong's Hang Seng index closed slightly higher on Tuesday as the approval of Greek rescue package was already incorporated into previous price movements. Hang Seng index edged or 53.93 points up and settled at 21,478.72 with telecommunication sector posting the biggest gains. China Telecom Corp jumped 4.1% on report it would begin trading Apple iPhone 4S next month.  China Unicom Hong Kong soared 2.3% and China Mobile climbed 1%. 

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Tue, 21 Feb 2012 12:06:27 GMT

Palladium failed to track gold's gains on Monday

Precious metals, excluding palladium, advanced on Monday amid broadly weaker US Dollar and China's RRR cut. Optimism over the Greek bailout talks also contributed to the gains. Moreover, experts are positive about precious metals outlook. Deutsche Bank released a report, indicating expected increase in the precious metals prices. At the same time, palladium's price faced downward movement amid stronger Euro

Tue, 21 Feb 2012 10:27:13 GMT

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