Hang Seng index rallies on returned hopes for stimulus

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Source: Dukascopy Bank SA
Hang Seng Index led the gains during Asian trade on Wednesday though it spent morning session into red area. Analysts explained the advance in Hong Kong markets with investor willingness to buy shares cheaply ahead of Chinese macroeconomic indicators few weeks ahead. More traders start to anticipate nation's soft landing, analysts claimed. Hang Seng index gained 0.80% or 152.81 points and finished at 19,134.61. Property developers rallied with China Overseas Land & Investment surging 4% and China Resources Land rocketing 5%.

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Wed, 27 Jun 2012 10:12:19 GMT

Nikkei 225 adds 0.8% led by retail shares

Japan's Nikkei Stock Average retreated from three day losses on Wednesday lifted by improvement signs in US property markets and renewed speculations for China's stimulus. Nikkei 225 index gained 0.77% or 66.50 points and finished at 8,730.49. Japan Tobacco rallied 3.7% on speculation the higher sales tax may give the cigarette maker an opportunity to raise prices. Retailers also contributed

Wed, 27 Jun 2012 12:20:41 GMT

Retail sales tax could curb Japan's economic growth in 2014

Japanese PM Yoshihiko Noda may harm country's economic growth by allowing to implement higher sales tax. The drop in consumption is very likely even though tax increase will help to tackle nation's debt burden. The lower house of Japanese parliament yesterday approved a motion to lift sales tax from current 5% to 8% and then to 10%. Analysts warn the tax

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