Hang Seng extends losses on Thursday trade

Source: Marketwatch

Hong Kong's Hang Seng Index lost 0.65% or 120.75 points and finished at 18,397.92, as investors remained cautions before Italian bond auction. Commodity companies extended previous days' losses as China Coal Energy Co. fell 1.5%, Cnooc Ltd. dropped 1% and Zijin Mining Group Co was down 2.4%. Financials also contributed negatively to the index as China Resources Land Ltd declined 4.9% and Agile Property Holdings Ltd. tumbled 2.7%. 

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Thu, 29 Dec 2011 14:48:52 GMT

Initial jobless claims increased more than expected in the US

In US the number of people applied for unemployment benefits jumped more than expected last week. The number of residents, filing the application for jobless benefits reached 381,000, adding 15,000 on a seasonally adjusted basis. Experts predicted the figure to approach 370,000. Despite increase in claims, the figure is still below 400,000, indicating improving situation in the labour market.

Thu, 29 Dec 2011 15:02:17 GMT

Dow Jones tumbles amid a day before Italian bond auction

Dow Jones Industrial Average edged down 1.14% or 139.94 points to 12,151.41 as investors were concerned about forthcoming Italian 10-year bond auction on Thursday. All 30 of blue chip's constituents declined. Nevertheless Dow Jones still is 5% up on a yearly basis. Among worst performers was Bank of America, giving up 3.47%, aluminum producer Alcoa Inc. falling 3.07% and machinery producer Caterpillar which sank by 2.38%.

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