Hang Seng gives up 0.2% on Monday

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Source: Dukascopy Bank
Hong Kong's Hang Seng index kept declining after recent rally in previous week. The index fell 0.95% or 202.56 points and closed at 21,115.29 on Monday as investors locked in profits. Aluminum Corp. of China fell 4.2% after company reported a substantial drop in 2011 profits. The main loosing stock was Esprit Holdings which tumbled 4.8%. Property shares supported the index on the upside with China Resource Land climbing 3.6% and China Overseas adding 1.8%. 

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Mon, 19 Mar 2012 17:31:19 GMT

Precious metals mixed on Friday; India's gold export tax in focus

Precious metals were mixed on Friday with slightly higher silver and gold prices and falling platinum and palladium futures. The commodity group continued to be exposed to the Fed decision not to implement next round of quantitative easing in the US soon. At the same time, weaker US Dollar and  dismal economic data from US both created correction of the

Mon, 19 Mar 2012 12:54:36 GMT

Asian markets start the week mostly higher

Asian shares traded mostly in the positive territory on Monday as investors anticipated economic news from US. Nikkei 225 index gained 0.2%, South Korea's Kospi added 0.6% and Australian S&P/ASX 200 index soared 0.3%. Shanghai Composite index climbed 0.2% while Hong Kong's Hang Seng index bucked the upward trend and finished 1% down.

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