World Index

World Index

Thursday 7 January 2016

HSI Fall 207 pts ; China Vanke Fives 9.2% ( Wrap Up -06-01-2016 )

Hang Seng Index opened down 46 pts this morning and sank below the level of 21,000, with a loss of 241 pts at most after North Korea announced that they have tested a hydrogen bomb. The index maintained the downtrend after midday and hovered around the level of 21,000 pts. It eventually finished the day trading session down by 207 pts or 1% at 20,980.

Hang Seng China Enterprises Index receded 85 pts or 0.9% at 9,137. The market turnover amounted to $75.175 billion. Blue chippers broadly headed south. Heavyweight HSBC HOLDINGS (00005.HK) faded 1% to close at $59.25. AIA (01299.HK) gave up 1.3%. CHINA MOBILE (00941.HK) lost 0.5% to $82.5. TENCENT (00700.HK) sagged 1% to $146.

NEW WORLD DEV (00017.HK) proposed conditional cash offer to NEW WORLD CHINA (00917.HK) at $7.8 per share. NEW WORLD CHINA, after trade resumption, rocketed 20.6% to $7.49. In contrast, NEW WORLD DEV plunged 4.4%. In addition, CHINA VANKE (02202.HK) is still mulling the terms for material assets restructuring.

Its H shares tumbled 9.2% to close at $20.8 after trade resumption. HENGAN INT'L (01044.HK) was under pressure after midday and fell dramatically by 5%, becoming the worst performing blue chipper

Source from : http://www.aastocks.com/en/default.aspx

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