Hang Seng extends modest gains

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

Hong Kong's Hang Seng Index ended 0.7% or 139.30 points up closing at 19,179.69 as investors reflected their optimism that European leaders will be able to provide tangible solution for debt crisis this week. Exporters Hong Kong, Li & Fung Ltd. and Lenovo Group Ltd. supported the index adding 3.3% and 2% respectively. China Southern Airlines Co. weighted down the index as its shares lost 4.5%, mainly due to rise in oil prices. China Eastern Airlines Corp. traded flat in Hong Kong despite 3.3% decline in Chinese markets. 

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Mon, 05 Dec 2011 14:56:45 GMT

Nikkei 225 closes higher

Japanese benchmark Nikkei 225 closed 0.6% or 52.23 points higher at 8,695.98 on investor hopes for progress in tackling debt crisis. Financial shares were among main advancers in Japan. Sumitomo Mitsui Financial Group added 2.2%, Mizuho Financial Group Inc. gained 2.9% while Nomura Holdings Inc. rose 2.8%. Asian exporters also contributed positively to the index: Elpida Memory Inc. edged up 4.1% and Toyota Motors Corp. surged 2.66%.

Mon, 05 Dec 2011 14:00:06 GMT

S&P 500 and Dow Jones end week slightly down

Although US stocks opened higher on Friday morning trade, Dow Jones Industrial Average and S&P 500 Index did not manage to maintain gains and closed slightly down. Dow Jones Industrial Average gave up 0.01% or 0.61 points and closed at 12,019.42 while S&P 500 slid 0.02% or 0.30 points and ended week at 1,244.28. Nasdaq Composite was the only of three major indexes that managed to

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