Nikkei 225 recovers lifted by China data

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Source: Dukascopy Bank
Japan's Nikkei Stock Average jumped 1.05% or 88.04 points and closed at 8,466.40 on Tuesday, with all 9 of 10 industries posting gains, after China reported an 8.9% increase in GDP compared to 8.7% growth earlier expected by economists. Sumitomo Mitsui Financial Group Inc. gained 1.2%, after the company announced it will buy the RBS aviation unit. Shipping companies also contributed positively to the index as Mitsui O.S.K. Lines Ltd. added 2%. On the downside Sumco Corp. declined 4.47%.

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Tue, 17 Jan 2012 12:12:22 GMT

Hang Seng rallies along with other Asian stock indexes

Hong Kong's Hang Seng Index surged sharply on Tuesday, as investors anticipated news that Chinese economy expanded at faster pace than predicted and France successfully sold bonds despite S&P downgrade. Hang Seng Index gained 3.24% or 615.55 points and closed at 19,627.75 with all 9 nine sectors posting gains. HSBC Holdings PLC added 3.35%, Agricultural Bank of China Ltd. soared

Tue, 17 Jan 2012 12:00:40 GMT

Commerzbank: Precious metals will rebound in 2012

Precious metals are likely to face upswing move after falling at the end of 2011, reported Commerzbank. Skepticism of money managers was caused by phase of weakness in the precious metals market but metals will resume their upward trend supported by strong demand from central bank and investors. The gold's price is expected to average at $1,725 an ounce over

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