Hang Seng extends gains after positive PMI data

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The Hang Seng Index reached one-year high on Wednesday, supported by hopes that QE3 in the US will result in more capital inflows in the city. Mounting expectations that the POBC will announce easing measures also boosted Hong Kong equities. Adding to the winning streak of Hong Kong stock index, China's flesh PMI contracted at the slowest pace in three months in October. The Hang Seng Index added 0.31% to close at 21,763.78. Five out of nine sectors included in the index climbed. The best-performers were telecommunications and technology firms. China Mobile gained 2.22% while Tencent jumped 1.81%. China Coal Energy moved higher by 2.08% after reporting a 22% drop in profits for Q3 that was widely expected. The top-losers were oil and gas firms, with Sinopec and CNOOC falling 2.15% and 1.71%. Esprit Holdings sagged 9.50% after the company stated that it plans to raise USD677 million to finance its restructuring its core business. 


Back to articles

Actual Topics

Wed, 24 Oct 2012 12:21:27 GMT

Business confidence in Germany decreased unexpectedly in October

Ifo Institute for Economic research reported on Wednesday that German business confidence declined to the lowest in two-and-a-half years. The Ifo said that its index of business climate fell to a figure of 100.0, compared to a reading of 101.4 in the last month. That was the sixth consecutive decline, and the lowest figure since February 2010. Analysts, however, predicted

Wed, 24 Oct 2012 18:49:47 GMT

US blue chips plunged; DuPont led losses on weak profits

US blue chips closed with big losses on Tuesday amid weak quarterly reports and fears that earnings will continue to shrink. Sending the US blue chips lower, Moody's downgraded five regions of Spain. Moreover, cautiousness among investors rose ahead of the FOMC meeting and ECB president's speech due on Wednesday. The Dow Jones Industrial Average Index plunged 1.82% to close

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.