Hang Seng index extends losses on Wednesday - News - Dukascopy Bank

Wed, 28 Dec 2011 13:45:26 GMT
Source: Dukascopy Bank
 
© Scanpix/AFP
After returning from holidays in Hong Kong's markets Hang Seng index dropped 0.59% or 110.50 points to 18,518.67 led by resource stocks. Analysts explain decline in the index with dreary US data as home prices fell more than expected while consumer confidence surged. China Coal Energy Co lost 1.9% while Zijin Mining Group Co. traded down 2.3%. China Overseas Corp. tumbled 2.95% and China Resource Land Corp. edged down 2.73%. On the upside was Bank of East Asia adding 1.57%.


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