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HK shares wipe out year's gains, Shanghai up as state support seen HONG KONG: Hong Kong shares ended lower Wednesday, wiping out year-to-date gains after a heavy intraday fall in Shanghai, although mainland shares were higher by the close amid rumours of fresh government support. Hong Kong's benchmark Hang Seng Index lost 1.31 percent, or 307.12 points, to end at 23,167.85 -- its lowest point since December -- on turnover of HK$91.77 billion (US$11.84 billion).But Shanghai ended up 1.23 percent, erasing a more than five percent plunge in morning trade, in a surge dealers said was driven by expectations of fresh government support for the market.The benchmark Shanghai Composite Index added 45.95 points to 3,794.11 on turnover of 599.5 billion yuan ($93.7 billion). The market fell as much as 5.06 percent -- approaching a low seen on July 8, before Beijing launched a market rescue -- and rose by up to 1.69 percent in a volatile session after posting its biggest fall ...


European stocks fall, Carlsberg slumps LONDON: European stock markets fell on Wednesday, extending a recent losing streak on the back of persistent worries over China, while drinks group Carlsberg slumped after cutting its outlook.The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 index both fell by 0.6 percent.Carlsberg was the worst-performer on the FTSEurofirst index, falling 7 percent after the brewing company cut its profit forecast.Copyright Reuters, 2015

Tokyo stocks close down 1.61pc TOKYO: Tokyo stocks fell 1.61 percent by the close Wednesday, tracking falls on Wall Street and another plunge on China's main index as weak trade data hinted at the fragility of Japan's recovery.The Nikkei 225 index at the Tokyo Stock Exchange slid 331.84 points to 20,222.63 yen, while the Topix index of all first-section shares lost 1.42 percent, or 23.74 points, to 1,648.48.Copyright AFP (Agence France-Presse), 2015

Hong Kong stocks drop 1.03pc by the break HONG KONG: Hong Kong stocks fell 1.03 percent by the break on Wednesday, following a slump in Shanghai as investors fretted about waning government support for equities.The benchmark Hang Seng Index lost 242.21 points to 23,232.76 by the end of morning trading on turnover of HK$49.29 billion (US$6.36 billion).Copyright AFP (Agence France-Presse), 2015

Hong Kong stocks open 0.23pc higher HONG KONG: Hong Kong stocks rose 0.23 percent in early trade on Wednesday, bouncing after a major sell-off in Shanghai dragged down shares in the previous session.The benchmark Hang Seng Index added 54.63 points to 23,529.60 in opening deals.Copyright AFP (Agence France-Presse), 2015

Asian shares mixed after China slump HONG KONG: Asian shares were mixed on Wednesday, with Shanghai continuing a sharp sell-off on concerns the world's number two economy is slowing and as investors awaited clues for the timing of a US interest rate rise.Sydney rose 1.33 percent in early trading while Seoul dropped 1.10 percent.Tokyo fell 0.45 percent after news Japan's trade deficit fell a less-than-expected 72.3 percent year-on-year in July due to falling energy costs and a pick-up in exports.Hong Kong ...

Tokyo stocks fall 0.52pc by break TOKYO: Tokyo stocks fell 0.52 percent on Wednesday morning, tracking falls on Wall Street and another drop on China's main index as weak trade data hinted at the fragility of Japan's recovery.The Nikkei 225 index at the Tokyo Stock Exchange slid 105.97 points to 20,448.50 yen by the break, while the Topix index of all first-section shares lost 0.41 percent, or 6.86 points, to 1,665.36.Shortly before the opening bell, official data for July pointed to ...


 



 
Index Closing Chg%
Arrow DJIA 16,285.51 3.995
Arrow Nasdaq 4,697.54 4.24
Arrow S&P 1,940.51 3.90
Arrow FTSE 5,979.20 1.68
Arrow DAX 9,997.43 1.29
Arrow CAC-40 4,501.05 1.40
Arrow Nikkei 18,376.83 3.20
Arrow H.Seng 21,080.39 1.52
Arrow Sensex 25,714.66 1.22





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 24, 2015
Reserves $18.678 bln