Hang Seng dropped on China's growth worries

Source: Dukascopy Bank SA

Hang Seng Index edged down 0.14% on Tuesday to close at 18,877.33 amid spreading Eurozone's crisis and potential slowdown in China's economy. Moreover, disappointing Apple earnings report added to the negative mood of China's equity market. China property developers faced losses after Nanjing housing bureau reported that recent news on price increases were a ‘misunderstanding'. Sino Land and China Resources Land moved lower by 1.74% and 0.94%. Meanwhile, oil and gas sector lost 0.76% on fall in crude oil price. CNOOC and PetroChina tumbled 0.27% and 1.16%. Financials were slightly higher, with Hang Seng Bank and Bank of China climbing 0.67% and 0.36%.

 

Actual Topics

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.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
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.