Hong Kong shares rally on positive economic growth

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The Hong Kong market was green on Wednesday, rebounding from its two-month low on the previous day, as AIA Group shares rallied, offsetting the declining stocks of Esprit Holdings. In addition, Hong Kong's economic growth picked up in the three months starting from December compared to the last year, indicating that the nation's economy is starting recover. The Hang Seng Index advanced 0.3% to close at 22,577. Three out of nine sectors in the gauge advanced with basic materials rising the most. AIA Group posted the biggest increase in six months, as it was 4.1% up, after the company posted 89% profit growth in 2012 and announced its plans to open an office in Myanmar. Furthermore, New World Development led gains in financials with its shares climbing as much as 3.8% to close at $13.76. Sino Land, a company that has managed to triple the number of homes sold in Hong Kong, followed with a 2.9% rally, as the company's first-half underlying fiscal profit soared 81% on record sales of apartments due to a rise in city's home prices. The top loser was Power Assets that dropped 3.24% to HK$ 68.65.
Back to articles

Actual Topics

Wed, 27 Feb 2013 16:15:04 GMT

Demand for U.S durable goods increased in January by the most in a year

Demand for U.S hard goods that exclude transportation gear increased by 1.9% in January, the most within a year, pointing out that business investment is gaining momentum. Total orders plummeted 5.2%, well ahead of expectations, demonstrating the biggest drop of defense bookings per decade. Standard & Poor`s 500 Index rose 0.1% to 1,493.5 at 8:56 a.m. in New York. "We

Wed, 27 Feb 2013 14:50:04 GMT

Japanese shares decline as the Yen strenghtens

Japanese equities dropped, heading the Nikkei 225 Stock Average to post the biggest two-day decline since November 2011, as the Yen appreciated prior to Italy's bond sale after unconvincing elections fueled concerns over a new debt turmoil in Europe. The Nikkei 225 Index tumbled 1.3% to 11,253.97. All groups in the index inched lower. MS&AD Insurance Group Holdings slumped 4.5%

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.