Hong Kong shares slump on Fed's announcement

Source: Dukascopy Bank SA
© scanpix/AP
Hong Kong shares dropped down from their 19-month high amid falling exporters that declined after Federal Reserve said it will end their monthly bond purchase program. The Hang Seng index decreased 0.3% to 23,331.09, the biggest decline in 14 days.The gauge rose 23% last year. All but two groups slumped in the index. Financial companies slid the most in the benchmark gauge, led by falling shares of HSBC Holdings Plc. that tumbled 1.6%. Furthermore, Belle INT'L lost 3.2% to HK$17.48, halting further improvements in the consumer services sector that added 0.35%. Among worst performers was also Want Want China with 1.7% decline. Meanwhile Citic Pacific, steel manufacturing company, added 2.5% to HK$13.72, erasing further losses in the basic materials sector. Furthermore, China Resources increased 2.5% to HK$29, Hengan INT'L added 2.45% and HKEX shares jumped 2%.

Back to articles

Actual Topics

Fri, 04 Jan 2013 17:00:57 GMT

UK stocks advance on US employment data

U.K. shares gained sending the benchmark index for its highest level in almost two years, as report indicated U.S. employment has increased more than expected in December and unemployment rate stayed unchanged at 7.8%. The FTSE 100 index advanced 0.6%, or 34.34 points, to 6,081.68. All but two sectors in the gauge increased. Only the shares of basic materials and

Fri, 04 Jan 2013 15:32:56 GMT

Private sector in Hong Kong expands in December

Hong Kong's private sector expanded for the third consecutive month in December, according to Markit Economics and HSBC Bank. The seasonally adjusted PMI for private sector was 51.7 compared to 52.2 in November and stayed above the 50 mark, which indicates an expansion in the sector. 

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.