Chinese shares moved higher on Tuesday

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Shares in Hong Kong closed on Tuesday on the positive note on hopes for easing in the EU and Japan. On Monday, Germany backed up bond-buying program suggested by the ECB. However, weak earnings reports for Q2 restricted gains of Chinese equities. Hang Seng Index moved 0.37% higher to close at 20,072.55. Seven out of nine industries in the index rose. The strongest gains posted consumer services and oil and gas companies.  Sands China climbed 4.45% while CNOOC and PetroChina advanced by 1.28% and 0.63%. Meanwhile, Esprit Holdings was the top-gainer, rallying almost 28%. The retailing company appointed a new CEO, Jose Manuel Martinez Gutiérrez. On the downside were two sectors: utilities and telecommunications. China Resources Power and COSCO Pacific declined 6.95% and 0.37%.

 

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