Hong Kong stocks traced a pullback in global markets on Tuesday over worries about the euro zone and limited supported from data that showed Chinese bank lending last month was stronger than forecast.
Uncertainty over the details of an EU bailout for Spanish banks kept investors from chasing Monday's rally, with funds mostly on the sidelines while morning turnover in Hong Kong fell to its lowest level this year.
Low volumes and high levels of short-selling have left the benchmark susceptible to sharp moves and intra-day reversals, with investors remain unwilling to hold positions for very long.
The Hang Seng index closed the session down 0.6 percent. Large-caps like HSBC Holdings and Tencent , which had led the previous session's rally, were among the biggest drags on the benchmark.
Gold price is still not stabilized in India like everywhere else. After going down, the g
Gold price opens lower in Hong Kong
The gold price in Hong Kong went down 180 HK dollars to open at 12,720 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
The price is equivalent
Market Cap Indices Turn Red at Qatar Exchange
The QE index spending almost the entire session below the break even line witnessed a bearish trend on Thursday 23rd May 2013. The index dropping 37.28 points or 0.41 percent reached at 9,048.62 leve
Small Cap and Large Cap Push ADX Index Lower
The ADX General Index sustained its downward march and finished the session with a decline of 1.23 percent on Thursday 23rd May 2013 . The index dropped 43.02 points, closing at 3,460.36.
M
WEF to focus on challenges
Leaders from the Middle East and North Africa in business, economics and politics will focus on the aftermath of the Arab Spring as they gather for the World Economic Forum in Jordan this weekend.