Hang Seng down as Chinese government linger

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Source: Dukascopy Bank
Hong Kong's Hang Seng index extended modest loss also on Tuesday as Chinese officials disappointed investors by giving no signs of monetary easing. Moreover, IMF lowered the China's growth forecast for 2012 citing expected drop in exports demand. Hang Seng dropped 0.05% or 10.75 points and settled at 20,699.19. Property, mining and financial shares provided main negative contribution to the index. Agile Property Holdings Ltd. fell 4.7%, China Coal Energy Co gave up 2% and Bank of China Ltd. slipped 1.2%.

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Tue, 07 Feb 2012 14:03:09 GMT

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