Hang Seng falls as Chinese economy advances slower

Source: Dukascopy Bank SA
Hong Kong shares retreated on Friday, as analysts expect the Chinese economy to grow slower than expected in January-March. The Hang Seng Index lost 0.1%, or 12.22 points, to 22,089.05. Utilities and financials increased the most by adding 0.6% and 0.1%, respectively. Esprit Holdings Ltd, a manufacturer and retailer of fashion clothes, surged 1.7% to HK$9.99. Furthermore, Henderson Land Development Co Ltd jumped 1.3% to HK$55.05, as the company's chairman Lee Shau-Kee increased his stake in the company in March. China Resources Power Holdings Co Ltd climbed 1.3% to HK$24.20, capping further decline in basic materials sector. On the downside, Lenovo Group Ltd traded down 6.1% to HK$6.66, showing the highest decrease in its share price since June. COSCO Pacific Ltd plummeted 3.2% to HK$10.22. Kunlun Energy Co Ltd followed with a 1.8% plunge to close at HK$16.22.
Back to articles

Actual Topics

Fri, 12 Apr 2013 12:14:03 GMT

German wholesale price index rises at slowest pace since 2009

Wholesale price inflation in Germany increased at the weakest rate since December 2009 in March with the wholesale price index rising annually by 0.3% after gaining 1.4% in the previous month, a report released by the Federal Statistics unveiled on Friday. The report also showed the headline index declined 0.2% on a monthly basis in March following a 0.1% jump the month before.

Fri, 12 Apr 2013 11:52:03 GMT

India's CPI slows down in March

Inflation based on the consumer price index in India slowed down in March after it was rising for five successive months, a report released by the Central Statistics Office showed on Friday. The report showed the general CPI advanced 10.39% on an annual basis in March following a 10.91% increase recorded in February; the March's level is the lowest since

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.