Hong Kong shares sank, property developers led losses

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/AFP
Hong Kong stocks prolonged their slump on Monday, weighted down by property developers. The real estate companies came under heavy pressure on news that the government plans new property cooling measures to curb recent price increase. A fall in China's stocks was further exacerbated by weak quarterly results of the largest China's companies. The Hang Seng Index shed 0.16% to close at 21,511.05. Five out of nine sectors within the index rose. The top-performers were oil and gas firms as well as technology firms. CNOOC and PetroChina climbed 0.37% and 2.09% while Tencent rose 1.20%. The top-losers were property developers. Henderson Land, Sino Land and New World Development plunged 6.41%, 6.40% and 6.36%. Lenders were also bearish, with Bank of East Asia and Bank of Communications dropping 0.69% and 0.35%.
Back to articles

Actual Topics

Mon, 29 Oct 2012 16:18:56 GMT

UK stocks move lower amid on-going eurozone woes

UK equities sank on Monday as worries over financial difficulties in Spain and Greece continued to weight down on the market sentiment. Monday's trade is expected to remain thin as Hurricane Sandy prompted New York to suspend trading on all markets. The FTSE 100 Index tumbled 0.37% to trade at 5,785.47. All but one sectors within the index moved lower.

Mon, 29 Oct 2012 15:56:58 GMT

Japanese equities slid despite stimulus hopes

Japanese shares inched down as corporate results continued to disappoint investors. Slight appreciation in the Yen pushed exporters down, thus adding to losses in the Nikkei. At the same time, hopes that the BoJ will significantly expand its stimulus programme on Tuesday's meeting boosted Japanese equities. The Nikkei 225 Index eased down 0.04% to close at 8,929.34. Five sectors moved

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.