Hang Seng slightly up on the last trade of 2011

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Source: Marketwatch
Hong Kong's Hang Seng Index mildly recovered from previous days' losses and finished 0.2% or 36.47 points higher at 18,434.39. Volumes were low as investors stayed cautious amid global uncertainty. Companies that are seriously exposed to Europe demand experienced appreciation as HSBC Holdings PLC gained 1% and Prada SpA advanced 1.6%. Chinese property firms listed in Hong Kong traded mixed on Friday. China Resources Land Ltd. added 0.8%, while China Overseas Land and Investment Ltd. lost 1.1%. On yearly basis, Hang Seng index is 20% down.
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Fri, 30 Dec 2011 15:30:53 GMT

Japan's benchmark Nikkei down 17.3% for 2011

Japan's Nikkei Stock Average gained 0.67% or 56.46 points on Friday closing at 8,455.35. Japan's leading exporters partly recovered from previous days' losses as Sony Corp. ascended 2%, Sharp Corp. climbed 1.1% while Panasonic Corp. jumped 1.6%. Appreciation in the Nikkei 225 also was fuelled by retailers as Fast Retailing Co. soared 1.2% and J. Front Retailing Co surged 1.9%. Nikkei 225 is down 17.3%

Fri, 30 Dec 2011 15:30:24 GMT

Euro moves toward its first yearly nonstop drop since 2001

17-nation currency depreciated 0.2% against US Dollar reaching $1.2937on London morning trade, escalating current year's drop to 3.3%. The euro is moving towards its first continuous fall since 2001 amid growing concerns about Europe's ability to tame debt crisis. The Euro Zone probably is in a slight recession already, suggests Michael Turner, a currency strategist at Royal Bank of Canada. EUR/USD currently trades at $1.2917. 

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