Bloomberg (27/12) -- Hong Kong stocks swung between gains and losses in light volume after growth in China’s industrial profits slowed, while a drop in U.S. jobless claims boosted confidence in the world’s largest economy.
Yue Yuen Industrial (Holdings) Ltd., a shoemaker that gets about 29 percent of sales from the U.S., rose 1 percent. Tencent Holdings Ltd., Asia’s largest Internet company, gained 2.1 percent to lead gains on the Hang Seng Index on a report China will issue licenses for mobile virtual networks. Guangzhou Automobile Group Co., a Toyota Motor Corp. partner, slumped 3.5 percent amid concern tension will escalate after Japan’s prime minister visited a controversial war shrine.
The Hang Seng Index rose 0.3 percent to 23,246.65 at the break in Hong Kong after falling as much as 0.2 percent. The gauge is heading for a 1.9 percent weekly gain. About twice as many stocks gained as declined on the 50-member gauge today on volume half the 30-day average. The Hang Seng China Enterprises Index, also known as the H-share index, climbed 0.1 percent to 10,839.85 as Hong Kong’s market reopened from a two-day holiday.
Futures on the Standard & Poor’s 500 Index dropped 0.1 percent today after the equity gauge climbed 0.5 percent yesterday to extend an all-time high. Jobless claims declined by 42,000 to 338,000 in the week ended Dec. 21, a Labor Department report showed yesterday. The median forecast of 42 economists surveyed by Bloomberg called for a drop to 345,000.
sumber : rf-berjangka.com