Hang Seng index 0.8% up on Friday

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Source: Dukascopy Bank
Hong Kong's Hang Seng index advanced on Friday with financials and oil equities providing the main upside contribution as Asian investors anticipated rather positive developments from US and Europe. Hang Seng index gained 0.82% or 174.30 points and closed at 21,562.26. HSBC Holdings soared 1.6% and Bank of China Ltd edged up 1.2%. China Petroleum & Chemical Corp climbed 1.8% and PetroChina Co added 1%. 

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Fri, 02 Mar 2012 13:25:36 GMT

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Fri, 02 Mar 2012 12:40:00 GMT

Spanish unemployment climbs to 4.7 million in February

According to State data the number of unemployed in Spain increased to 4.7% million in February or by 112,269 from January. On yearly basis the unemployment level has surged by 412,835. With current monthly jobless rate of 23.3% Spain is maintaining the unemployment record high among 27 EU member countries. 

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