Asian Stocks Erase Initial Gains as Hong Kong Shares Decline


20/03/2012 06:34 AST  Bloomberg

Asian stocks erased gains as Sun Hung Kai Properties Ltd. (16) led a decline in Hong Kong shares after a director of the world’s largest real estate company was arrested as part of a bribery investigation. Exporters rose as confidence among U.S. homebuilders improved.

Sun Hung Kai slipped 1.6 percent in Hong Kong following the arrest of Thomas Chan Kui-Yuen, an executive director at one of the company’s units, by the Independent Commission Against Corruption. Samsung Electronics Co. (005930), Asia’s biggest consumer- electronics maker, gained 1.1 percent in Seoul. LG Display Co. (034220), a manufacturer of liquid crystal displays that gets about 16 percent of its sales from the U.S., rose 1.4 percent.

For more on this Click Here

Global News
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG
Most Viewed Companies
Ticker Price Volume
SECO 17.26 4,936,722
RIBL 23.45 1,662,785
ALKHODARI 69.42 2,272,134
EMAAR 10.25 7,447,481
TAWUNIYA 54.5 689,549
MESC 17.23 2,612,799
EEC 90.89 1,595,476
Recent News

Bahrain to meet investors ahead of sovereign bond
Bahrain has chosen four banks to arrange investor meetings before a potential long-dated sovereign bond issue, said a document on Tuesday from lead managers for the kingdom’s first debt issue in over

Two energy deals in the pipeline between UAE and Mexico
In a sign of deepening commercial and diplomatic ties, Mexico and the UAE expect to sign at least two major energy deals to coincide with the mid-December state visit by Enrique Peña Nieto, the first

Drydocks to participate in SMM in Hamburg
Drydocks World, the leading provider of maritime and offshore services to the shipping, oil, gas, and energy sectors, will participate in the prestigious 26th edition of Shipbuilding, Machinery, and

QE index dropped 333.04 points last week
Qatari stocks fell last week with the main index of Qatar Exchange (QE) dropping 333.04 points to 13,443.16 points yesterday, the last day of trading in the week. The drop was 2.42 percent.

Dhs6m retail store re-launched in Dubai
Azizia Panda United (APU) has re-launched its Dhs6 million HyperPanda store in Dubai Festival City on Thursday.

The new store was inaugurated by Muwaffaq M Jamal, CEO and board member of A

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Which of the following do you think is the best long-term investment?