Hang Seng rallies 1.3% on US economic data

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Source: Dukascopy Bank
Hong Kong's Hang Seng index rebounded on stronger US economic data and growing optimism about the successful close of Greek deal. Hang Seng index rallied 1.32% or 272.95 points and closed at 20,900.73 with all nine sectors making gains. Ping An Insurance Group jumped 5.1%, Agricultural Bank of China  surged 2.5% and China Life Insurance gained 1.4%. Export-dependent Esprit Holding rallied 5.6%. Resources shares pared losses with Jiangxi Copper Co advancing 1.7%. 

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Thu, 08 Mar 2012 13:18:17 GMT

US stocks rebound as hiring increases

US markets recovered on Wednesday trade after data showed the number of payrolls climbed and investors anticipated news about possible new type of Fed's quantitative easing. S&P 500 index gained 0.69% or 9.27 points and finished at 1,352.63 with financial shares posting biggest gains, Dow Jones Industrial Average index added 0.61% or 78.18 points and settled at 12,837.33 while Nasdaq Composite

Thu, 08 Mar 2012 13:03:39 GMT

Dow Jones Industrial Average rebounds on Greek optimism

Dow Jones Industrial Average index breached its downward path and climbed higher on jobs data amid fading concerns about Greece default. Blue chip index added 0.61% or 78.18 points and settled at 12,837.33 with industrial sector gaining 1.5%. Kraft Foods dropped 1.2% after Jefferies Group downgraded the firm from buy to hold claiming the stock has little probability to outperform

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