Hang Seng slips as optimism about effect of ECB lending fades

Note: This section contains information in English only.
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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