Hang Seng jumps 1.5% as China eases lending for first time home buyers

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Source: Dukascopy Bank
Hong Kong's Hang Seng index appreciated 1.54% or 319.27 points at 21,018.46 on Wednesday as investors sentiment improved on Greek debt talks and China announced it will apply measures to support first time home purchasers. Property shares rallied on the announcement with China Resources Land Ltd. gaining 3%, China Overseas Land & Investment Ltd. surging 5% and Agile Property Holdings Ltd. adding 4%. Energy stocks climbed after Chinese government raised retail diesel and gasoline prices. PetroChina Co. advanced 2.2% China Petroleum & Chemical Corp edged up 1.8%. 

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Wed, 08 Feb 2012 13:17:00 GMT

German exports drop on Euro Zone crisis

German exports declined more rapidly than economists predicted in December as debt crisis harmed the export demand across the troubled region. Exports lost 4.3% compared to November when they added 2.6%. In contrast, analysts predicted only a 1% decline in European biggest economy's exports. Nevertheless economists suggest the German exports may gain momentum in 2012 as business confidence surged in January.

Wed, 08 Feb 2012 12:12:06 GMT

Asian markets climb, driven by auto makers

Asian shares markets improved on Wednesday, supported by car maker stocks on the upside amid Greek deal optimism. Japan's Nikkei Stock Average and South Korea's Kospi each gained 1.1% while Australia's S&P/ASX 200 index added 0.4%. China's Shanghai Composite jumped 1.6% and Hong Kong's Hang Seng Index advanced 1.5%.

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