Hang Seng falls down from its tree-week high on Tuesday

Source: Dukascopy Bank SA
Hong Kong stocks declined on Tuesday, as early gains were snapped by profit taking and rising concerns from investors that the government might launch more severe measures to curb the soaring cost of living. Hang Seng lost 0.9%, or 200.22 points, to 22,890.60. All sectors in the index dropped. Esprit Holdings Ltd added to losses in consumer services with a 3.6% decline to trade at HK$9.68 by the end of the session on speculation the fashion retailer still struggles with structural changes inside the company. China Resources Power Holdings Co Ltd and China Life Insurance Co Ltd followed and erased 3% and 2.8%, respectively. Among top performers was Tingyi Cayman Islands Holding Corp, a Chinese food producer, that gained 1.9% to HK$21.20. Furthermore, Sino Land Corp surged 1.3% as its stock rating was raised to "buy" at Citigroup and target price lifted to HK$17.5, capping losses in financials that slid 0.9%. New World Development was 0.9% up on news Hong Kong property developer is considering a separate listing of hospitality assets.


Back to articles

Actual Topics

Tue, 12 Mar 2013 15:11:04 GMT

Canadian Dollar slips on economic outlook

The Canadian Dollar was slightly lower to 1.0265 per the U.S. Dollar in the morning of Toronto trading session on Tuesday. Analysts say, that investors might be closing positions opened on Friday, as the labour data was announced in Canada and the U.S. and indicated a strong improvement in both countries. Noticeable changes in the unemployment level should lead to faster economic

Wed, 13 Mar 2013 14:07:46 GMT

AUD/USD retests the 20-day SMA

During Friday's trading session the pair sharply dropped to the weekly PP level at 1.0209, but today the pair has already regained its position and even surged above the 20-day SMA, which is currently located at 1.0257.

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.