Hang Seng index jumps 2% as EU leaders reach a consensus

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Source: Dukascopy Bank SA
Hang Seng Index soared 2.19% or 416.19 points to 19,441.46 on Friday as market participants turned to riskier assets after the EU leaders agreed to ease borrowing conditions for Spain. A fall in industrial profits in May restricted gains of oil and gas sector. China Life Insurance and Citic Securities led rally for insurers and brokerage firms on speculation that companies may benefit from a project aimed at developing Shenzhen's Qianhai zone into hub of financial services. 

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Fri, 29 Jun 2012 15:59:25 GMT

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