Hang Seng index extend losses on Tuesday

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Source: Dukascopy Bank
Hong Kong's Hang Seng index extended losses on Tuesday, weighted down by resource and insurance shares on investor concerns about world second biggest economy's growth prospects. Hang Seng index tumbled 2.16% or 459.06 points and finished at 20,806.25. Aluminium Corp. of China fell 5.3% and Jiangxi Copper Co lost 4.8%. AIA Group plunged 8.4% as investors digested news AIG sold its stake in the insurer. Other insurers also depreciated with Ping An Insurance dropping 2.5% and China Life Insurance fading 3.7%. 

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Tue, 06 Mar 2012 11:02:42 GMT

Asian shares follow downward trend on Tuesday

Asian markets traded lower on Tuesday as investors remained worried about world second biggest economy's growth prospects. Hong Kong's Hang Seng Index fell 2.2%, Shanghai Composite Index dropped 1.4% and Japan's Nikkei Stock Average lost 0.6%. South Korea's Kospi tumbled 0.8% and Australia's S&P/ASX 200 index gave up 1.4%. 

Tue, 06 Mar 2012 11:15:11 GMT

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