Filed under: Economy , Investing Shares in Asia were mixed Monday as the Hong Kong Hang Seng Index dropped 0.8% to close at 22,325. The Shanghai Composite Index rose 0.5% to 3,332 and in Japan the Nikkei Index added 1.5% to end the day at 10,168. In Hong Kong, Foxconn International ( FXCNY ) surged 16.9% as investors poured money into the mobile phone and electronics maker. According to reports, Foxconn will begin selling phones to phone-making giant Nokia ( NOK ). The company is also planning to set up as many as 10,000 chain stores in China , which the company hopes will make Foxconn into a retail distribution goliath. According to China Daily , Foxconn has earmarked 10 billion Taiwanese dollars for setting up shop, looking towards capitalizing on local sales rather than depending on exports. Continue reading Foxconn hooks up with Nokia and surges in Hong Kong, China real estate up Foxconn hooks up with Nokia and surges in Hong Kong, China real estate up originally appeared on DailyFinance on Mon, 07 Dec 2009 07:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Foxconn hooks up with Nokia and surges in Hong Kong, China real estate up

Filed under: Economy , Investing Shares in Asia climbed higher Tuesday. In Hong Kong the Hang Seng Index gained 1.3% to close at 22,113 and in China the Shanghai Composite Index rose1.3% to 3,235. In Japan, the Nikkei Index gained 2.4%, ending the day at 9,572. In Hong Kong the airline sector surged. Air China ( AIRYY ) soared 9.8% having purchased a large stake in Cathay Pacific Airways and now hinting at a takeover of Shenzhen Airlines . China Southern Airlines ( ZNH ) also surged, adding 7.3% on the news that Goldman Sachs raised its estimate of the airline’s share price. Cathay Pacific ( CPCAY ) rose 3.2% in today’s trading. Meanwhile, China Eastern Airlines ( CEA ) climbed 5.9% after gaining approal to takeover Shanghai Airlines. Continue reading Asian airline stocks take flight, mining and building stocks soar Asian airline stocks take flight, mining and building stocks soar originally appeared on DailyFinance on Tue, 01 Dec 2009 07:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Asian airline stocks take flight, mining and building stocks soar

Filed under: Economy , Investing Shares in Asia recouped some of yesterday’s losses as benchmark indexes rose. In China the Shanghai Composite Index climbed 2.1% to end the day at 3,290, and Hong Kong’s Hang Seng Index rose 0.8% to 22,612. In Japan the Nikkei Index closed at 9,442 — up 0.4%. Chinese mining companies soared today after gold hit a new high of $1,177 per ounce. Shandong Gold Mining surged to its maximum 10% daily limit, Zijin Mining ( ZIJMF ) climbed 6.5% and Zhongjin Gold gained 5.4%. Other metals companies also moved forward with Baoshan Iron & Steel surging 8.5% and Jiangxi Copper ( JIXAY ) gaining 3.8%. Continue reading Chinese banking shares stabilize while car and mining stocks soar Chinese banking shares stabilize while car and mining stocks soar originally appeared on DailyFinance on Wed, 25 Nov 2009 07:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Chinese banking shares stabilize while car and mining stocks soar

Filed under: Company News , Economy , Investing In Asia Wednesday, Hong Kong’s Hang Seng Index dropped 1.8 percent to end the day at 21,762. Japan’s Nikkei Index fell to 10,075 – a decline of 1.4 percent and the Shanghai Composite Index added 0.3 percent to close at 3,031. In Hong Kong, property development company stocks suffered after building executives met with the territory’s Financial Secretary to discuss the high price of land in Hong Kong, where virtually every bit of rocky land is owned by the government and leased to developers. About 70 percent of Hong Kong island is parkland, and the developers are asking the government to make more of it available to them in order to dampen the current price escalation. Sino Land Ltd. ( SNLAY ) plunged 4.6 percent, New World Development Ltd. ( NDVLY ), slid 4.3 percent, Cheung Kong Holdings Ltd. ( CHEUY ) lost 2.7 percent and Sun Hung Kai Properties Ltd. ( SUHJY ) slipped 1.9 percent. Continue reading Shares in Hong Kong developers plunge as companies beg for more land Shares in Hong Kong developers plunge as companies beg for more land originally appeared on DailyFinance on Wed, 28 Oct 2009 07:20:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Shares in Hong Kong developers plunge as companies beg for more land