Hang Seng Index remains bullish

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP
Hong Kong's Hang Seng Index extended modest gains on Friday and closed at 19,040.39 adding 0.2% or 38.13 points. Banks listed in Hong Kong helped to improve the index. Bank of China Ltd. advanced 4.5%, China Merchants Bank Co traded up 2%, while HSBC Holdings PLC surged 1.6%. At the downside, stocks of footwear producer Belle International Holdings Ltd. plunged 6.6% after CDH Investments reported it plans to sell 50 m shares of the company.
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Fri, 02 Dec 2011 12:19:55 GMT

Reuters boss to step down

Tom Glocer, CEO of news group Reuters, announced he is stepping down after running the company for 10 years. He will step down on 1 January and the current chief operating officer, James Smith will replace him. The change follows the worries about a decline in the company's share price by 29% this year.

Fri, 02 Dec 2011 12:45:31 GMT

US futures advance

US stock futures increased rapidly on Friday in line with European equity markets. Futures for the Dow Jones Industrial Average added 0.9% or 103 points, while futures on Standard & Poor's 500 gained 1% or 12.10 points reaching 1,256. Nasdaq 100 futures edged up 0.1% or 22.75 points. Markets extend gains on hopes for positive job report from US later today. 

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