Hang Seng jumps on news from Europe

Note: This section contains information in English only.
Source: Marketwatch
On Monday Hong Kong's Hang Seng Index experienced first appreciation since November 22 and closed at 18,037.81, gaining 348.33 points or 1.97%. Financial stocks added on growing investor confidence that European officials have moved closer to tackling sovereign debt trouble. Industrial & Commercial Bank of China Ltd. jumped 3.4% while Agricultural Bank of China Ltd. soared 3.6%. Energy and mining stocks also recovered: Jiangxi Copper Co. ascended 3.6% and Angang Steel Co. rocketed 6.1%.

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Mon, 28 Nov 2011 14:40:39 GMT

Bank of Israel plans to cut key interest rate

The Bank of Israel announced its plan to decrease its benchmark interest rate by 0.25 points to 2.75%. The cut indicates Israel's concerns over the decline in the country's business activity as the amount of exports decreased due to a drop in demand of developed economies such as US and Europe that suffer from financial difficulties. 

Mon, 28 Nov 2011 14:41:55 GMT

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