Hong Kong equities jumped on positive national data

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/AP
Hong Kong shares advanced for the sixth consecutive session on Thursday. China's GDP grew by 7.4% in Q3, signaling that China's economic slowdown is stabilizing. The country's industrial production and retail sales also beat estimates last month, boosting market sentiment. Moreover, positive data from the US real estate market lifted Hong Kong shares. The Hang Seng Index gained 0.48% to close at 21,518.71. Six out of nine sectors included in the index rose. Telecommunications and basic materials were the top-performers. China Mobile and China Unicom Hong Kong jumped 2.16% and 0.62% while Aluminum Corp of China (CHALCO) soared 2.80%. China Coal added 2.50% ahead of its earnings report scheduled on Monday. At the same time, technology sector dropped, with Tencent sliding 0.99%. China Life Insurance tumbled 1.09% after the firm warned that it can incur a quarterly loss in Q3.


Back to articles

Actual Topics

Thu, 18 Oct 2012 17:22:29 GMT

UK shares sink ahead of EU summit

UK equities halted an upward trend on Thursday despite encouraging figures from China. China's GDP expanded in line with market expectations while Chinese industrial production and retail sales beat forecast last month. Meanwhile, investors awaited the results of a two-day EU summit that stared today. The FTSE 100 Index lost 0.19% to trade at 5,899.85. Five out of ten sectors

Thu, 18 Oct 2012 16:38:27 GMT

Japanese shares climbed on China's GDP data

Japanese shares skyrocketed on Thursday after China's GDP numbers convinced investors that China's economy is growing at an expected pace. Upbeat US housing data also prompted traders to turn to riskier assets. Moreover, the Yen continued to depreciate, thus lifting exporters. The Nikkei 225 Index soared 2.07% to end the session at 8,988.75. Nine out of ten sectors within the

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.