Hong Kong shares drop on higher-than-expected inflation

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The Hong Kong blue chips retreated after data showed inflation was higher-than-expected in December, raising hopes for more monetary stimulus to heal the nation's economy. The Hang Seng index slid 0.4% to 23,264.07, showing a weekly drop of 0.3%. All but one sector in the gauge edged lower. Basic materials posted biggest losses and were 3.30% down. A decline in the latter was mainly triggered by Citic Pacific that erased 3.6% to HK$13.22. China Shenhua decreased 3.76%, even though the company announced that it has won the auction of a shale gas block located in Southern China. Furthermore, Chalco shares slid 3% after rallying as much as 6.5% on Thursday as Chinese trade balance data dragged down expectations. Meanwhile, among best performers were Sino Land and HSBC Holdings, by adding 1.33% and 0.84%, respectively, and capping losses in financial shares that were only 0.26% lower. Belle Int'L lost 0.9% to $21.85, contributing to losses in the consumer services sector.


Back to articles

Actual Topics

Fri, 11 Jan 2013 17:12:07 GMT

U.K. stocks gain on Japanese monetary stimulus

U.K. shares were little changed, sending the FTSE 100 index for its weekly advance, after Japan's government called for more monetary stimulus. The FTSE 100 index gained 0.1%, or 8.34 points, to 6,109.85. All but two sectors in the benchmark index inched higher. International Consolidated Airlines rallied the most in the gauge by 4.9% after UBS AG upgraded its recommendation

Fri, 11 Jan 2013 16:42:08 GMT

Japanese stocks extend their gains on Friday

Japanese equities extended their gains for a third consecutive day after the BOJ announced a stimulus package of 3.8 trillion yen to recover the nation's economy from recession and 3.1 trillion yen to boost up investment. In addition, exporters advanced on weakening Yen.The Nikkei 225 rose 1.4% to 10,801.57, gaining 1.1% throughout the week. Sharp Corporation rallied the most by

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.