Hang Seng index edges down on China growth concerns

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Source: Dukascopy Bank
Hong Kong's Hang Seng index fell on Tuesday after mining company BHP Billiton claimed Chinese demand was declining indicating economic slowdown. Hang Seng index tumbled 1.08% or 227.05 points and settled at 20,888.24. Resource stocks posted the biggest losses in Hong Kong: Jiangxi Copper slipped 2.4% and China Petroleum & Chemical lost 3.9%. Sun Hung Kai Properties shed 2.4% on news its CEO was arrested on accusation of bribery.


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Tue, 20 Mar 2012 15:26:43 GMT

FTSE 100 index down on inflation data

British FTSE 100 index extended losses on Tuesday after BHP Billiton announced the demand for iron ore from China was falling. Resource stocks weighed heavily on the index with BHP Billiton tumbling 3.4% and Fresnillo slipping 4.4%. Rio Tinto and Kazakhmys lost 3.7% and 2.8% respectively. Banking shares declined after data showed UK inflation climbed 3.4% and remained above BoE

Tue, 20 Mar 2012 15:13:26 GMT

Dow Jones Industrial Average traded flat on Monday

Dow Jones Industrial Average index traded close to flat on Monday as trading volumes were low and investors paused after recent rally. Blue chip index added 0.05% or 6.51 points and closed at 13,239.13 with energy and financial stocks marking the most notable gains. 17 of 30 Dow stocks ended up in green area. On the upside American Express surged

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