Hang Seng 0.3% up on Wednesday trade

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Source: Dukascopy Bank
Hong Kong's Hang Seng Index posted modest gains on Wednesday as investors upheld optimism about Chinese economic growth amid news about German investor confidence. Hang Seng index added 0.3% or 59.17 points and settled at 19,686.92. Property share rallied in Hong Kong as China Overseas Land & Investment Ltd. advanced 1.4% and Sino Land Co. jumped 1.7%. On the downside Agricultural Bank of China Ltd. edged down 1.59%. 

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Wed, 18 Jan 2012 10:24:45 GMT

European shares open lower on World Bank announcement

European equity markets started lower on Wednesday after World Bank cut global growth forecast for 2012. World Bank reduced its growth expectations this year from 3.6% estimated in June to 2.5%. Stoxx Europe 600 Index lost 0.5% and UK FTSE 100 Index dropped 0.4%. French CAC 40 Index and German DAX each fell 0.3%. 

Wed, 18 Jan 2012 10:24:06 GMT

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