Hang Seng keeps upward trend on European plans

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP

Hong Kong's Hang Seng Index extended gains on Tuesday depicting investor hopes European leaders will provide details how to solve debt crisis. Hang Seng Index advanced 1.21% or 218.39 points and closed at 18,256.20. Asian exporters and banks made major positive contribution to index. Lenovo Group Ltd. jumped 3.8%, Esprit Holdings Ltd. added 4.6% while Cosco Pacific Ltd. rallied by 7.8%. Among the financial sector Industrial & Commercial Bank of China Ltd. edged up 2.3% whereas Standard Chartered PLC jumped 3.7%.

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Tue, 29 Nov 2011 15:47:03 GMT

Japan's Nikkei 225 extends gains

On Tuesday Japan's benchmark Nikkei Stock Average jumped 2.3% or 190.33 points and closed at 8,477.82, indicating optimism on today's summit in Brussels held to provide detailed solutions for taming debt turmoil. Auto makers and energy companies were among major winners: Nissan Motor Co. improved by 2.7%, Honda Motor Co. rose 3.6%, while JX Holdings Inc. advanced 2.8%.

Tue, 29 Nov 2011 16:00:45 GMT

ECB drains from banks EUR 194.199Bln

The ECB drained EUR 194.199 billion from banking system in line with its seven-day liquidity declining project. However, the amount is less than expected as the bank planned to drain EUR 203.5 billion. The bank also reported that 85 banks made bids reaching EUR 194.1986 billion.

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