Hong Kong Stocks Preview after the Japan Disaster
Hong Kong Stocks Preview after the Japan Disaster

Since the Japan’s nuclear disaster, the share market is on the verge of fluctuations every day. On Monday the shares of Hong Kong and China got closed on higher prices amid lingering caution over Libya. As reported by investors, the Hong Kong trading is trying to ease out the concerns on Japan’s nuclear situation.

The Hang Seng Index had a record of 200-day moving average. But on Monday, this benchmark Index violating this record for the first time in last three days finished up 1.73 percent at 22,685.22. At the same time, the China Enterprises Index climbed by 1.75 percent.

The Shanghai Composite Index got closed at 0.3 percent on Friday, whereas it ended 0.1 percent higher at 2,909.1 points on Monday.

On Friday, People’s bank of china announced a 50 basis point reserve requirement rise, which will congeal up an estimated $55 billion, taking effect from March 25. With this, the financial sub-index got up by 0.4 percent.

According to Xiangcai Securities analyst Cheng Yi in Shanghai "A lot of market participants had been expecting an RRR increase, so today's market reaction wasn't that big".

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