Hang Seng index drops 1.1% on Tuesday

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Source: Dukascopy Bank
Hong Kong's stocks declined on Tuesday as investors anticipated Friday's news about disappointing US hiring level and higher than expected China's inflation rate. Hang Seng index tumbled 1.15% or 236.76 points and closed at 20,356.24 . Cnooc Ltd and PetroChina Co lost 2.4% and 2%, following a recent drop in crude prices. Property shares also contributed negatively to index with Hang Lung Properties slipping 1.5%, China Resources Land declining 2.4% and  Guangdong Investment sinking 1.4%. 

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Tue, 10 Apr 2012 10:57:45 GMT

Bank of Japan leaves benchmark rate untouched

The Bank of Japan (BoJ) decided to keep its key interest rate unchanged between zero and 0.1%, spokesperson said on Tuesday. Representatives of the central bank admitted the foreign economies still are contracting but European financial markets start to show signs of stability. Japanese Yen strengthened versus greenback on the announcement. 

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