Hang Seng rallies after holidays

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Source: Dukascopy Bank SA
Hong Kong shares rose on Tuesday as investors returned from three-day weekend and anticipated news about official Chinese manufacturing data. Moreover another report showed country's non-manufacturing PMI expanded at faster pace than forecast in June as the real estate market and new orders advanced. Hang Seng index added 1.55% or 300.49 points and finished at 19,738.89 helped by financial and property shares. China Resources Land gained 3.4% and Sino Land advanced 3.8%. Heavyweight HSBC Holdings contributed 1.3%.  

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Tue, 03 Jul 2012 11:11:37 GMT

Microsoft writes down aQuantive

Microsoft declared that its biggest acquisition in the Internet sector was totally ineffective and "did not accelerate growth to the degree anticipated, contributing to the write-down". The company purchased aQuantive for USD6.3 billion  in cash attempting to surpass Google in search-related advertising. Despite the announcement, shares of Microsoft in after-hours trading slightly changed dropping to USD30.28 after standing at USD30.56

Tue, 03 Jul 2012 11:41:35 GMT

BRICs will constitute a fifth of the global economy

Four most rapidly developing markets are enriching the world's economy more than ever before, creating  the biggest valuation opportunities for investors in the last seven years. In the meantime, the stock-market value of BRICs' has declined by 16% according to Bloomberg. O'Neill, who helps oversee USD824 billion, said the stock markets of BRIC are likely to double by 2020 creating

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