Hang Seng index rallies on Chinese data, Spain bailout

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Source: Dukascopy Bank SA
Hong Kong's main stock index edged sharply higher on Monday after China reported a higher than expected surge in exports. Positive data offset another report saying annual retail sales were weaker in May. Hang Seng index jumped 2.26% or 418.58 points and finished at 18,916.28. Ports operator Cosco Pacific and China Life Insurance each rallied 6%. Heavyweight HSCB Holdings gained 2.9% on news about Spain's request for bailout. Aluminum Corp. of China accelerated 4.8%. 

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Mon, 11 Jun 2012 10:19:36 GMT

Nikkei 225 index closes 2% higher on Monday

Japan's Nikkei Stock Average rallied on Monday after Spain requested USD 126 billion loan from EU and China's exports grew double the pace expected. Nikkei 225 index surged 1.96% or 165.64 points and closed at 8,624.90. Sumco Corp rocketed 14.5% after reporting operating profit three times bigger than analysts' estimate. On the downside Olympus fell 4.1% after firm announced it

Mon, 11 Jun 2012 09:57:36 GMT

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