Hang Seng index erases losses on property shares

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Source: Dukascopy Bank
Hong Kong's Hang Seng index started lower on Tuesday, pushed down by Moody's downgrades across Europe. However, index erased losses during session and finished 0.15% or 30.43 points up at 20,917.83, supported by the rally of property shares. Property market retreated after a sharp sell off yesterday caused by Chinese city of Wuhu's cancellation of property purchasing easing. Henderson Land Development Co. rocketed 6%, New World Development Co. jumped 6.4% and China Resources Land Ltd. added 4.2%.
 

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Tue, 14 Feb 2012 15:24:37 GMT

Nikkei 225 index climbs on capital injection

Japan's Nikkei Stock Average bucked the downward trend in Asian markets on Tuesday and ended 0.69% or 62.21 points higher at 9,061.39, lifted by Bank of Japan's unexpected JPY 10 trillion capital injection in economy. Export-oriented stocks rallied with Toyota Motor advancing 1.6%, Suzuki Motor Corp adding 1.5% and Nissan Motor Co. gaining 0.8%. Shares of Olympus Corp. climbed out

Tue, 14 Feb 2012 13:28:57 GMT

Industrial output in Europe declined in December

European industrial production fell in December, weighted down by a drop in Germany, fuelling concerns the region might be entering in a new recession wave. The output in Euro Zone declined 1.1% in December compared to November. Analysts predicted a decline of 1.2%. On yearly basis production diminished 2%. 

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