Hong Kong exports slump

Note: This section contains information in English only.
Source: Marketwatch

The exports of Hong Kong tumbled last month on the lower demand from Europe which is expected to slide further on the negative region's economic outlook. November's exports added 2% on a yearly basis as compared to 11.5% increase in October. Imports increased by 8.8% in November on an annualized rate while October's figure saw 10.9% increase.

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Thu, 29 Dec 2011 14:51:36 GMT

Monti sees crisis resolution in the united action

Italian PM announced the Euro Zone members should act jointly to resolve the region's debt crisis. Despite two successful bond auctions, Italy is still far away from getting out of recession, he added. Italy raised about 7bn euros of debt at the today's auction. Italian 10-year bonds' interest rate stands at 6.98%, the level considered to be hardly sustainable.

Thu, 29 Dec 2011 15:02:56 GMT

Nikkei 225 slightly down by 0.3%

On Thursday Japan's Nikkei Stock Average fell 0.29% or 24.73 points and closed at 8,398.89 as export dependent companies tumbled on European anxiety. Japan's technology exporters were the main losers in Tokyo, affected by the drop in the European common currency against the Japanese Yen. Sharp Corp. declined 3.2%, Casio Computer Co. traded down 2.7% while Advantest Corp. decreased 1.1%. Equities of Elpida Memory Inc. lost

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