Hang Seng slips as optimism about effect of ECB lending fades

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Source: Dukascopy Bank

On Asian Thursday trade Hong Kong's Hang Seng Index lost 0.21% or 38.22 points and closed at 18,378.23 on investor sentiment that cheap loans from ECB will not curb debt crisis. Major decliners were toys and clothes producer Li & Fung Ltd, trading down 2.9% and resource firm China Coal Ltd dropping 1.53%. On the upside Alibaba.com Ltd. gained 0.5% following announcements that Yahoo Inc. is considering cutting most of its proprietorship in Asian securities. 

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Thu, 22 Dec 2011 16:05:26 GMT

Nikkei 225 declines on Europe scepticism

Japan's Nikkei Stock Average traded 0.77% or 64.82 points down reaching 8,395.16 as market reflected investor scepticism towards impact the ECB cheap loans might have on curtailing region's debt crisis. Toyota Motor Corp. was down 0.6% after reporting its sales are likely to fall by 6% this year. On the upside Yahoo Japan Corp. jumped 2.1% after company said it may reduce most of its

Thu, 22 Dec 2011 16:04:19 GMT

India to borrow $9.5 bn to cover budged deficit

India is considering borrowing around $9.5 bn putting shares and land as collateral to cut its budget deficit, said governmental officials familiar with the matter. By January 15 India's government will nominate a fund authority that will be responsible for pledging state's stocks held in non-state firms including Axis Bank Ltd. and ITC Ltd. 

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