Dow Jones Industrial Average index tumbles on lower resource demand from China

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Source: Dukascopy Bank
Dow Jones Industrial Average index declined on Tuesday as China raised gasoline and diesel prices. Blue chip index edged down 0.52% or 68.94 points and settled at 13,170.19. Walt Disney Co fell 0.5% after company said it predicts  science-fiction film John Carter to lose around USD 200 million. Resource demand dependent Caterpillar and Alcoa tumbled 2.6% and 1.5% respectively. Bank of America was the best performer adding 3% on news lender will not issue additional equity in secondary offering. 

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Wed, 21 Mar 2012 10:46:11 GMT

Hang Seng slips 0.2% on Wednesday

Hong Kong's Hang Seng index extended losses on Wednesday as enduring concerns about China's economic development pushed down exporter and commodity shares. Hang Seng index fell 0.15% or 31.61 points and finished at 20,856.63. Petrochina shed 0.2% and Lenovo Group dropped 0.8%. Sun Hung Kai Properties shares prolonged their decline, giving up 1.7% after one of its executives were arrested

Wed, 21 Mar 2012 09:56:49 GMT

Loonie depreciates on China demand concerns

Canadian Dollar weakened from nearly 6-month record high against US Dollar on rumours China economy keeps slowing down. Canada's currency depreciated 0.5% against its US counterpart on Tuesday to CAD 0.9915. Loonie became weaker also versus Euro and Swiss Franc. Currently USD/CAD is trading at CAD 0.9887.

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