Hang Seng index adds 1% on Greek election results

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Source: Dukascopy Bank SA
Hong Kong's stocks edged higher on Monday as preliminary results of the Greece's parliamentary elections suggested pro-austerity forces will be able to form a coalition and receive next bailout package from EU. Hang Seng index soared 0.97% or 187.24 points and finished at 19,421.18. Financial shares cheered the results. China Life Insurance rallied 2.1% and heavyweight HSBC Holdings appreciated 1.3%. On the downside  Hong Kong Exchanges & Clearing fell 4.5% on news about its acquisition of London Metal Exchange. 

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Mon, 18 Jun 2012 10:32:56 GMT

Nikkei 225 rallies on Greece and weaker Yen

Japan's Nikkei Stock Average jumped on Monday lifted by positive outcome in Sunday's Greek parliamentary elections which indicate pro-austerity parties are likely to form the new government. Mover Yen depreciated as Euro advanced sending export shares higher. Nikkei 225 index surged 1.77% or 151.70 points and settled at 8,721.02. Sharp rallied 5.6% after Reuters reported Hon Hai Precision Industry considers

Mon, 18 Jun 2012 10:10:56 GMT

Crude oil rose after Greek elections

Crude oil prices increased in Asian session on Monday as pro-bailout party won elections in Greece, implying that the country is likely to stay within the Eurozone. Light, sweet crude oil futures for delivery in July traded at 85.80 US Dollars per barrel on the New York Mercantile Exchange, rising by 77 cents from the previous session's low.

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