Hong Kong stocks posted a slight rise in weak turnover after U.S. market erased early losses. Chinese oil producers gained on the back of rising oil prices.
Hong Kong blue chips rose above 20,00 on the last day of trading before the break next Monday through Wednesday for Chinese New Years. Local big banks surge after healthy gains.
Hong Kong stocks drifted lower, weighed down by persistent concern about the European debt crisis. The big four China banks' lending in December hit a three-year high, but bank stocks were soft.
Markets in Hong Kong and Shanghai sank as China failed to make a highly anticipated cut in banks' reserve requirement ratios. Chinese insurers, brokerages and banks all suffered.
Hong Kong opened higher on the strength of a global market rally and increased its gains as Mainland markets rose. China announced favorable policies for the agricultural technology sector.
Hong Kong opened slightly lower after a flat performance by stocks in the U.S. and traded in a narrow range to close marginally higher in reduced turnover.
Wall Street was sagging lower today, but a late rally in the day helped stocks to close in the green as investors keep a close eye on Europe's financial crisis.
Stocks took a major dive today as investors became fearful of growing uncertainty in Europe and increased volatility in the market. All sectors closed fell lower.
Chinese stocks fell after European leaders failed to make progress on the debt crisis in Greece and the Fed did not give any indication it would launch a new round of loose credit.
Hong Kong blue chips opened higher, but lost ground as investors retreated ahead of the European finance ministers' meeting and the release of Chinese economic statistics.
China stocks made up much of Monday's decline as Mainland and foreign markets showed some strength and good news emerged about the debt crisis in Greece.
Weakness in China's market depressed Hong Kong prices in early trading. A stronger-than-expected Chinese PMI reading gave the market a lift, but Chinese stocks fell lower at the close.
Hong Kong blue chips opened higher on speculation there would be progress in Greek debt negotiations and broke through the 21,000 resistance level in the afternoon following a rally in Shanghai.