Hang Seng index plunges as officials suspend bailout fund

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Source: Dukascopy Bank
Hong Kong's Hang Seng index tumbled on Friday, weighted down by latest developments in Greece, as European officials decided to suspend a bailout funding until Greece will not ratify its austerity plan. Hang Seng lost 1.08% or 226.15 points and closed at 20,783.86 with financial stocks providing most negative pressure. Agricultural Bank of China Ltd. fell 3.4%, Bank of Communications Co. plunged 5.1% and Ping An Insurance Group Co. edged down 2%. 

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Fri, 10 Feb 2012 11:54:34 GMT

US shares climb on Greek agreement

US stocks markets finished higher on Thursday after Greek officials said they have concluded the debt swap agreement and US unemployment claims fell more than expected last week. S&P 500 gained 0.15% and closed at 1,351.95, Nasdaq Composite added 0.4% and settled at 2,927.23. Dow Jones Industrial Average traded close to flat, edging up 0.05% to 12,890.46. 

Fri, 10 Feb 2012 13:45:51 GMT

Dow Jones trades close to flat on Thursday

Dow Jones Industrial Average Index climbed slightly higher on Thursday as fewer Americans applied for unemployment benefits and Greece announced it finalized debt swap agreement. Blue chip index soared 0.05% or 6.51 points and closed at 12,890.46 with basic materials sector posting the biggest gains. United Technologies Corp was the main winner for the Dow index, surging 2.5% after the

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