Hang Seng index drops as Europe enthusiasm fades

Note: This section contains information in English only.
Source: Marketwatch
On Tuesday Hong Kong's Hang Seng Index lost 0.69% or 128.49 points to 18,447.17 as disbelief in latest European agreement stimulated decline in the markets. Among main decliners were export dependent stocks with Lenovo Group Ltd. giving up 0.4% and clothing trader Esprit Holdings Ltd. falling 2.8%. Resource companies listed in Hong Kong fluctuated between gains and losses. Aluminum Corp. of China Ltd. dropped 3% while Jiangxi Copper Co. edged down 1.6%. In contrast, China Gas Holdings rallied 20.4% on speculation that it may sell its outstanding stocks for about $2.15 bn.

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