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  • Jul 25, 2014
  • Updated: 4:19pm
Stock Talk
PUBLISHED : Monday, 10 December, 2012, 8:29am
UPDATED : Monday, 10 December, 2012, 9:54am

Market Open: Hong Kong stocks seen higher on US, China data

Hong Kong stocks may edge higher after the US jobless rate fell to a four-year low in November and China's inflation last month was largely as predicted.

Hong Kong stocks may edge higher after the US jobless rate fell to a four-year low in November and  China's inflation last month was largely as predicted.

China's consumer price index rose 2 per cent in November year-on-year, from 1.7 per cent a month earlier. " Beijing will be happily to sustain the current policy stance which could be featured as marginally pro-growth without big-bang stimulus," Lu Ting, Bank of Merill Lynch economist said.

On Friday, the Standard & Poor's 500-stock index added 4.13 points, or 0.29 per cent, to close at 1,418.07. The Nasdaq Composite lost 11.23 points, or 0.38 per cent, to 2,978.04. In London, the FTSE-100 Index added 12.98 points, or 0.22 per cent, to end at 5,914.4.

Hot Stocks of the Day:

 

CSR Corporation (1766.HK)

The company said it has issued 2 billion yuan in  short-term financing note at an annual yield of 4.38 per cent.

Lifestyle International (1212.HK)

The company's chairman, Hong Kong billionaire Lau Luen-hung, increased his stake in the firm, boosting his shareholding to 74.4 per cent from 74.38 per cent, paying an average of HK$16.71 a share.

MODERN MEDIA (0072.HK)
The company said it has reached an agreement with Bloomberg and has exclusive rights to develop and distribute two print version of Bloomberg Businessweek in traditional Chinese and two digital version of Bloomberg Businessweek (for iPhone & iPad respectively) in traditional Chinese.

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