Do More With Reuters
Partner Services

HK shares end lower but energy stocks buck trend

Tue Dec 30, 2008 1:40pm IST
 
Email | Print | | Single Page
[-] Text [+]

HONG KONG, Dec 30 (Reuters) - Hong Kong shares ended 0.4 percent lower, on their last full trading day of 2008, setting the tone for its worst yearly performance, but energy stocks bucked the trend to finish higher on heightened Middle Eastern tensions.

China Eastern Airlines slid as investors locked in profits on a recent rally in the stock after Beijing announced an enhanced aid package for the airline.

The Hang Seng Index .HSI unofficially closed 53.59 points lower at 14,274.89.

The China Enterprises Index of top locally listed mainland Chinese firms .HSCE was up 0.4 percent at 7,824.90.

(Reporting by Parvathy Ullatil; Editing by Jacqueline Wong)

Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
Pledge to support economies

G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured.  Full Article | Related Story 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Sanjay Sinha
Balancing Act

In India, it is a tough choice between growth, managing inflation and financial stability.  Full Article 

 
Nipun Mehta
Road to Recovery

There needs to be an acceptable balance created between education and healthcare and infrastructure spend, says Nipun Mehta of SG Private Banking.   Full Article 

 
Robot Asimo

Snapshots of Honda Motor's humanoid robot Asimo  Slideshow 

 
Marketing Strategy
Marketing Strategy

Companies are now using direct marketing methods to sell their products.  Full Article 

 
Exit Plans
Exit Plans

Factbox - Stimulus exit plans for Asia-Pacific's big 5 economies  Full Article