Hang Seng index follows downward trend in Asian markets

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Source: Dukascopy Bank SA
Hong Kong's main stock index followed US and Asian market trend on Tuesday weighed down by concerns over Spain's ability to halt its debt. Hang Seng index deteriorated 0.43% or 81.07 points and ended at 18,872.56. Technology sector performed worst, giving up 2.4%. Financial shares and resource stocks sent the index lower. Tencent Holdings dropped 2.4% and China Resource Power lost 2.6%. On the upside China Overseas added 1.4%.

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Tue, 12 Jun 2012 15:49:41 GMT

FTSE 100 index 0.3% up on GlaxoSmithKline deal

UK FTSE 100 index edged higher on a choppy trade on Tuesday led by GlaxoSmithKline and miners. Moreover data showed UK's annual industrial output contracted for a 14th straight month in April. Rio Tinto and BHP Billiton partly rebounded from yesterday's drop, adding 1.2% and 1.5% respectively. Pharmaceutical giant GlaxoSmithKline gained 0.6% on news its subsidiary Stiefel will acquire prescription

Tue, 12 Jun 2012 18:57:39 GMT

U.K. stocks gain on miners

U.K. markets edged higher during a choppy session this Tuesday on the growth of miners. The FTSE 100 index rose 0.5 per cent to 5,461.78, while Barclays retreated 1.7 per cent and Lloyds Banking Group PLC slumped 1 per cent.

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