Hong Kong shares on four-day decline, Nikkei boost to 4 and ½ month high
June 19, 2014 10:31 am
Hong Kong shares continue its steady decline for the fourth day in a row as it tracked China’s losses while Japan’s Nikkei 225 Average reach its four-month high.
The Hang Seng Index fell down by 0.1% to 23,167.73. The Nikkei, on the other hand, boost 1.6% or 245.36 pips to 15,361.61. The broader Topix is also up by 1.6% to 1,269.04. The highest since May 30, 2.78 billion shares, were exchanged in the Tokyo market. The Shanghai benchmark lost 1.6% and finished lower than a the 100-day moving average.
Losses on the Hang Seng Index was led by Chinese property developers as data on home prices produced results showing the more than half of the homes tracked by the government had declined in prices. Meanwhile, Japan’s upbeat stocks was a result of the Fed stimulus that indicated lower interest rates, prompting investors to buy into the stocks.
The JPX-Nikkei Index 400 is up by 1.6% to 11,548.81. China Resources Land and China Overseas Land & Investment lost 3% and 2.6% respectively.
The material has been provided by InstaForex Company – www.instaforex.com
Hong Kong shares continue its steady decline for the fourth day in a row as it tracked China’s losses while Japan’s Nikkei 225 Average reach its four-month high.
The Hang Seng Index fell down by 0.1% to 23,167.73. The Nikkei, on the other hand, boost 1.6% or 245.36 pips to 15,361.61. The broader Topix is also up by 1.6% to 1,269.04. The highest since May 30, 2.78 billion shares, were exchanged in the Tokyo market. The Shanghai benchmark lost 1.6% and finished lower than a the 100-day moving average.
Losses on the Hang Seng Index was led by Chinese property developers as data on home prices produced results showing the more than half of the homes tracked by the government had declined in prices. Meanwhile, Japan’s upbeat stocks was a result of the Fed stimulus that indicated lower interest rates, prompting investors to buy into the stocks.
The JPX-Nikkei Index 400 is up by 1.6% to 11,548.81. China Resources Land and China Overseas Land & Investment lost 3% and 2.6% respectively.
The material has been provided by InstaForex Company – www.instaforex.com
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