Hang Seng index rallies on Tuesday

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Source: Dukascopy Bank
Hong Kong's Hang Seng index rallied on Tuesday as oil prices retreated from 9-months record high. Hang Seng index jumped 1.65% or 350.87 points and finished at 21,568.73 with airline firm Cathay Pacific Airways posting a substantial advance. Company rocketed 5.7% on declining crude. HSBC Holdings PLC extended losses on Tuesday, edging down 0.7% on yesterday's disappointing earnings report. Hang Seng Bank jumped 5.1% after posting a 12% gain in 2011 profit.


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Tue, 28 Feb 2012 17:25:06 GMT

FTSE 100 trades flat on Tuesday session

British FTSE 100 index traded close to flat on Tuesday, supported by mining shares and financials on the upside. India-oriented Essar Energy erased some of losses and climbed 4.3%. Nevertheless, Goldman Sachs downgraded Essar shares citing weak annual earnings and uncertain outlook. On negative side Barclays PLC dropped 0.2% on news lender might be forced to pay a GBP 500

Tue, 28 Feb 2012 16:12:05 GMT

Switzerland's level of unemployment fell less than projected in Q4

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