Asian markets were mixed following Wall Street’s gains. Japan’s Nikkei 225 stock average rose 242.38 points, or 3 %, to 8,351.91, while Hong Kong’s Hang Seng index fell 56.48 points, or 0.4 %, to 13,519.54.
Markets in Asia rallied for the second straight day following Wall Street’s big gains. Most would agree that what the Treasury proposed is tackling the center of the credit crisis. In Japan, the Nikkei 225 stock average gained 272.77, or 3.3 %, to 8,488.30, and Hong Kong’s Hang Seng index was up 462.92 points, or 3.4 %, at 13,910.34. South Korea’s
Surging commodity and mining stocks weren’t enough to lift markets positive in Asia. Hong Kong’s Hang Seng led the region’s declines, falling 297.41 points, or 2.3 %, to 12,833.51, and Australia’s benchmark S&P/ASX 200 stock index lost 0.4 % to 3,465.8. Japan’s market was closed for a holiday. The weaker dollar has really troubled the region over t
Wall Street’s rally a day prior sent Japan’s Nikkei stock average rose 1.95 percent. However, hopes of additional stimulus measures by the Chinese quickly faded. The country is still looking at an 8% growth rate in 2009. Hong Kong’s Hang Seng index fell 0.97 percent. In Europe, Britain’s FTSE 100 was down 2.30 percent, Germany’s DAX index was down
A major Hong Kong Exchange-Traded Fund remained more than 50 percent below the May highs, but at least one trader is bullish for the next four months.The MSCI Hong Kong Index (EWH Quote - Cramer on EWH - Stock Picks) is 1.83% at midday, trading at $ 9.67 and approaching its technical assistance to the $ 9.40 range. This level has existed since th
Global markets followed Wall Street’s move to the upside amid hopes that some sort of bottom in the housing market is beginning to take shape. Japan’s Nikkei 225 stock average rose 2.7 % to 8,038.94, while Hong Kong’s Hang Seng Index added 2.3 % to 13,063.89. South Korea’s Kospi was up 2.8 %.
In Asia, stocks gave back earlier gains on hopes of new economic stimulus plans coming out of the region. Japan’s Nikkei 225 stock average fell 0.6 % to 7,825.51 while Hong Kong’s Hang Seng Index declined 0.7 % to 12,776.89
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Hong Kong's benchmark stock index fell the most in three weeks, led by property developers, on concern interest rates will rise and erode demand for home loans.
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Hong Kong's key stock index rebounds 14.4 percent
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