Hang Seng Index climbs on European hopes

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Source: Marketwatch

On Monday Hong Kong's Hang Seng Index gained 1.14% or 212.71 points and closed at 18,798.94. Hong Kong's benchmark was mainly fuelled by progress made during EU summit, bolstering investor hopes that crisis will be resolved. On the upside were Chinese banks listed in Hong Kong. Industrial & Commercial Bank of China Ltd. rallied 2.8%, Bank of China Ltd. ascended 2.5%, while HSBC Holdings PLC edged up 1.8%.

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Mon, 12 Dec 2011 08:05:34 GMT

Australian home loans exceeded expectations

Home loans in Australia increased more than expected in November, according to official data. The number of Australian home loans increased to 0.7% on a seasonally adjusted basis from 2.2% in October, reported Australian Bureau of Statistics. Experts projected the number of home loans to increase by 0.2% in November.

Mon, 12 Dec 2011 07:33:50 GMT

Asian stocks mostly up

Asian markets mostly climbed on Monday as European officials' achieved progress and eased investor worries about debt crisis. Hong Kong's Hang Seng Index advanced 1.1%, Japan's Nikkei Stock Average jumped 1.5% while South Korea's Kospi and Australia's S&P/ASX 200 index both gained 1.1%. China's Shanghai Composite was the only benchmark index that declined by 0.5%. 

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