Arab Today, arab today hong kong shares hit 6 month high
Last Updated : GMT 22:05:35
Arab Today, arab today
Arab Today, arab today

Hong Kong shares hit 6 month high

Arab Today, arab today

Arab Today, arab today Hong Kong shares hit 6 month high

Hong Kong - Arabstoday

Hong Kong stocks jumped 1.54 per cent by the close yesterday, hitting a six-month high after gains on Wall Street led by reports Greece was nearing a deal to avoid defaulting on its massive debt. The benchmark Hang Seng Index added 319.27 points to 21,018.46 on turnover of HK$76.1 billion (Dh35.9 billion), its highest finish since early August. Mainland Chinese developers led the rally after the country\'s central bank announced on Tuesday that banks must provide loans to first-home buyers. China Overseas Land rose 5.3 per cent to HK$15.24 and China Resources Land finished 3.1 per cent higher at HK$13.96, while Evergrande advanced 8.5 per cent to HK$4.08. \"While this does not, strictly speaking, represent policy easing, this high-profile pledge by the [People\'s Bank of China] not only shows that the central government is now relaxed about the property market, but that they are also eager to see liquidity returning to the property market,\" brokerage UOB KayHian said in a note. Oil and gas players also rose with Sinopec up 1.8 per cent to HK$9.45 and Petrochina 2.2 per cent higher at HK$11.86, after China said it would raise petrol and diesel prices. Markets were also buoy-ed by news that a Greek debt restructuring deal had been drafted and may be signed, as a general strike gripped the nation, with demonstrators protesting against unpopular wage and pension cuts. Chinese shares closed 2.43 per cent higher as investors snapped up resources stocks and financial firms, dealers said. The Shanghai Composite Index, which covers A and B shares, gained 55.63 points at 2,347.53 on turnover of 80.9 billion yuan ($12.8 billion). Note of caution Index heavyweights rose sharply during the afternoon session, but analysts sounded a note of caution over the sustainability of the rally, given the lack of monetary loosening by the government. \"The market remains rangebound, with concerns about liquidity balanced by already low valuations,\" Deng Wenyuan, an analyst at Soochow Securities, told Dow Jones Newswires. Copper producers gained, tracking robust prices for the commodity. Jiangxi Copper rose its daily ten per cent limit to 27.28 yuan and Yunnan Copper gained 7.5 per cent to 18.70 yuan. Banks and property developers were also among yesterday\'s biggest gainers. Industrial and Commercial Bank of China rose 1.9 per cent to 4.41 yuan. Developer China Vanke ended up 2.9 per cent at 7.59 yuan.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hong kong shares hit 6 month high Arab Today, arab today hong kong shares hit 6 month high

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 18:36 2017 Monday ,20 February

Heavy selling drags Oman shares lower

GMT 06:16 2017 Monday ,20 February

Bank shares lift Tadawul

GMT 13:43 2017 Sunday ,19 February

Local institutional buying lifts Oman shares higher

GMT 15:33 2017 Saturday ,18 February

Lock-up shares worth 39 bln yuan eligible for trade

GMT 09:49 2017 Saturday ,18 February

Qatar Stock Exchange Index Gains 190.17 Points This Week
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday