Filed under: Economy , Investing In Asia Friday China’s Shanghai Composite Index rose 1.6%, closing at 3,317. In Hong Kong the Hang Seng fell 0.3% to end the day at 22,498 and in Japan the Nikkei Index closed at 10,023 — a gain of 0.5% In Hong Kong, influential property developers joined forces in putting a positive spin on the territory’s growth potential as the chairman of Hang Lung Properties, Ronnie Chan, told Bloomberg that property was a “good bet.” Earlier this week Henderson Land chairman Lee Shau-kee predicted a 10% rise in 2010 for the already overheated property market. Today Henderson Land ( HLDVF ) lost 2.3% and Hang Lung ( HLPPY ) gained 1.5% as investors contemplate whether prices are under control. Continue reading Hong Kong developers talk up real estate, China Citic surges 10%, Japan awaits rescue package Hong Kong developers talk up real estate, China Citic surges 10%, Japan awaits rescue package originally appeared on DailyFinance on Fri, 04 Dec 2009 07:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Hong Kong developers talk up real estate, China Citic surges 10%, Japan awaits rescue package

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