Hang Seng sank after China's growth forecast cut

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Hong Kong shares posted the largest drop in a month on Monday. China's growth concerns coupled with weak quarterly results pushed equities lower. On Monday, Bank of America reduced China's 2012 growth forecast to 7.7% from 8%. Moreover, hopes for easing measures started to vanish as real estate prices moved up. Hang Seng Index ended the trading session 0.27% lower at 20,081.36. Only two industries posted mild gains. The strongest were utility companies, with China Resources Power and CLP Holdings climbing 0.50% and 0.45%. At the same time, technology shares created pressure on China's blue chips index. Tecent Holdings shed 2.6% on profit-taking after the company's shares attained almost two-month high on Thursday. Property developers were mixed, with Sino Land jumping 2.01% and Henderson Land slumping 3.53%.

 

Back to articles

Actual Topics

Mon, 13 Aug 2012 15:21:27 GMT

UK equities little changed amid global growth concerns

FTSE gained 0.01% on Monday to trade at 5,847.89 despite signs of deepening global recession. On Monday, Japan reported slower than expected GDP growth pace in Q2. At the same time, speculation that the ECB is ready to take measures to ease economic slowdown in the Eurozone spurred UK stocks. The largest gainers among industries were financial and consumer services

Mon, 13 Aug 2012 14:15:26 GMT

Wheat plunged after USDA report

Rural commodities tumbled after USDA global supplies report. Better weather conditions in Brazil and US also sent farm commodities lower. From the demand side, high grain prices threaten to cap consumption. Wheat was the top-loser as USDA upgraded US domestic production forecast, citing brighter production prospects in northern states. At the same time, global output is set to fall 4.7% as

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.