Hang Seng moved higher on strong comsumer goods industry

Source: Dukascopy Bank SA

Hong Kong shares inched up on Thursday, indicating the first gain in the last four sessions. Hang Seng Index advanced about 0.1% to trade at 18,892.8. Hopes for monetary policy easing by the Fed buoyed China's equities. Consumer goods sector was  lifted by a 3.75% advance in Li & Fung shares. At the same time, Sands China was the top-loser, weighting down on gaming industry. Analysts claim that revenues in the industry started to level off and gaming firms may even face the first fall in turnover since 2010. Hong Kong Exchange retreated 1.3% after LME stockholders agreed to accept its USD2.2 billion offer. Meanwhile, Industrials  were 0.12% lower as the statistics bureau is due to publish June profits for industrial companies on Friday.

 

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.