Hong Kong shares moved higher; Sands China led gains

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Source: Dukascopy Bank SA
© Scanpix/AP
Hong Kong blue chips extended previous gains on Thursday, rallying for 10th consecutive session. Positive news from the US real estate market and hopes for easing in Japan boosted Hong Kong shares. Adding to gains of the Hong Kong equities, the Fed indicated that it will continue monetary stimulus until the US economic health improves significantly. The Hang Seng Index added 0.21% to close at 21,810.23. Six out of nine sectors included in the index jumped. Consumer services sector was the strongest in the index, with Sands China soaring 3.49%. Oil and gas firms also advanced. CNOOC added 1.37% after reporting a 4.7% increase in sales for Q3. Meanwhile, Bank of China climbed 0.96% ahead of its quarterly report due after the bell. After the close, the bank reported a 16.7% rise in net profit. At the same time, recent outperformers, property developers, retreated. Cheung Kong Holdings and Hang Lung Properties shed 0.42% and 0.73%.


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Thu, 25 Oct 2012 17:31:47 GMT

UK stocks climb after positive GDP data

UK shares climbed on Thursday on encouraging profits of the FTSE 100 majors. Moreover, UK economy grew more-than-expected in Q3, pulling the country out of the recession. The UK GDP expanded by 1%, beating forecasts of a 0.6% rise. UK shares received a boost after the national GDP data. Positive news from the US also supported UK shares. The FTSE

Thu, 25 Oct 2012 16:36:47 GMT

Japanese equities soared on easing speculation

Japanese equities rallied on Thursday on mounting hopes that the BoJ will embark on easing measures to stimulate faltering economy. The BoJ is expected to announce monetary easing at its next meeting due on October 30. However, lingering concerns over weak corporate results and dismal PMI readings from the eurozone capped gains of Japanese shares.  The Nikkei 225 Index soared

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