Hang Seng rockets on Thursday

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP
On Thursday Hong Kong's Hang Seng Index rallied amid central banks' decision to cut dollar swap rates as well as China's easing monetary policy. Hong Kong's benchmark gained 5.6% or 1,012.91 points and closed at 19,002.36. Financials boosted index heavily: Bank of China Ltd. added 10.4%,  China Citic Bank Corp. jumped 10.8% whereas Agricultural Bank of China Ltd. advanced 9%. Chinese real estate companies reacted immediately on policy easing: Agile Property Holdings Ltd. and China Resources Land Ltd. rallied by 14.9% and 10.2% respectively. Among other winners were resource companies with Angang Steel Co. and Cnooc Ltd. gaining 14.8% and 9.4% accordingly.
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Thu, 01 Dec 2011 12:40:56 GMT

Nikkei 225 advances at slower pace than its counterparts

On Thursday Japan's Nikkei Stock Average followed Asian market upward trend, though at a slower pace. Japanese benchmark index gained 1.93% or 162.77 points and closed at 8,597.38. Miner companies provided major positive contribution to the index. JFE Holdings Inc. added 8.9% while Nippon Steel Corp. jumped 7.1%. Japanese auto makers return on positive side as Mazda Corp. traded up 4.38% and

Thu, 01 Dec 2011 12:38:26 GMT

European shares open lower

Most European stocks markets opened lower on Thursday as markets gave back part of yesterdays excessive gains that were encouraged by central banks' announcement about reducing dollar borrowing costs. Stoxx Europe 600 lost 0.2% to 239.46, pushed by mining and drug stocks. French CAC 40 and German DAX declined both edged down 0.4% to 3,141.94 and 6,062.69 respectively. FTSE 100 was the

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