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Hong Kong stocks close 0.39pc higher, Hang Seng Index rose 91.45 points HONG KONG: Hong Kong shares climbed 0.39 percent to a 21-month high on Monday as dealers tracked a strong performance in Chinese markets and following a rally on Wall Street. The benchmark Hang Seng Index rose 91.45 points to 23,671.88 -- its highest since April 2011 -- on turnover of HK$67.50 billion ($8.71 billion).   Optimism about the economic outlook on the mainland fuelled buying while shares were also given a lift after China's two stock exchanges announced plans to increase the number of stocks available for margin trading and short selling, raising hopes for more liquidity.   On Wall Street another set of strong corporate results Friday sent shares surging, having a positive knock-on effect for Asian markets.   The Dow rose 0.51 percent to its best level since October 2007 and the S&P 500 climbed 0.54 percent to finish above 1,500 points for the first time since December 2007, while the Nasdaq added 0.62 percent.   Mainland ...

China shares have best day in two weeks, give Hong Kong a boost HONG KONG: China shares jumped to their best day in two weeks on Monday, sparking Hong Kong gains, as investors welcomed comments by a senior central bank official seen as a tacit admission that bank profits need to be protected.   In comments carried in multiple Chinese newspapers, Pan Gongsheng, a deputy governor of the bank, said that the pace and timing of freeing interest rates must consider banks' profitability and capability of replenishing capital, as the ...
Souht Korean shares extend losses on earnings worries, foreign selloff SEOUL: South Korean shares closed at nearly a two-month low on Monday as a weakening yen compounded concerns about weak corporate earnings and outlooks, while large moves in the won currency encouraged foreign investors to take profits.   The Korea Composite Stock Price Index (KOSPI) closed down 0.4 percent at 1,939.71 points, its lowest closing since Dec. 4.   "Automakers extended losses on concern over the weak yen and large dent in Q4 operating profits, while techs like Samsung ...
Asian markets mixed, Nikkei dips on profit-taking HONG KONG: Asian markets began the week on a mixed note Monday, with the Nikkei sinking on profit-taking after breaking 11,000 in early trade, while a rally on Wall Street boosted a buying incentive. The euro and dollar eased slightly against the yen after climbing in New York trade, while traders took heart from upbeat news from Europe, with indications that the troubled eurozone is slowly emerging from years of crisis.   Tokyo surged above the 11,000 mark ...
Hong Kong stocks close 0.39pc higher HONG KONG: Hong Kong shares ended 0.39 percent higher on Monday as dealers tracked a strong performance in Chinese markets and following a rally on Wall Street. The benchmark Hang Seng Index rose 91.45 points to 23,671.88 on turnover of HK$67.50 billion ($8.71 billion).   Chinese shares closed up 2.41 percent. The benchmark Shanghai Composite Index jumped 55.21 points to 2,346.51 on turnover of 116.9 billion yuan ($18.8 billion).   Copyright AFP (Agence France-Presse), 2013 ...
Nikkei slipped 102.34 points to 10,824.31 TOKYO: Tokyo stocks closed down 0.94 percent on Monday as investors locked in profits after the benchmark Nikkei 225 index briefly jumped past the 11,000 mark for the first time in nearly three years. The Nikkei slipped 102.34 points to 10,824.31 after a weaker yen helped it push past 11,000 for the first time since April 2010. The Topix index of all first-section shares was down 0.36 percent, or 3.31 points, to 913.78.   Yoshihiro Okumura, general manager ...
Nikkei falls after piercing 11,000, earnings awaited TOKYO: Japan's Nikkei share average dropped on Monday as investors secured profits on exporters as they awaited further cues from corporate earnings after the index briefly pierced a fresh 32-month high above 11,000 in early trade.   The Nikkei fell 0.9 percent to 10,824.31 after initially leaping to 11,002.86 as interest in Japanese exporters was fanned as the yen dropped to 91 versus the dollar, promising higher overseas revenues once they are repatriated.   The broader Topix shed 0.4 ...


Index Closing Chg%
Arrow DJIA 17,083.80 0.02
Arrow Nasdaq 4,472.11 0.04
Arrow S&P 1,987.98 0.05
Arrow FTSE 6,821.46 0.34
Arrow DAX 9,794.06 0.42
Arrow CAC-40 4,410.65 0.78
Arrow Nikkei 15,284.42 0.29
Arrow H.Seng 24,141.50 0.71
Arrow Sensex 26,271.85 0.48

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln