Hong Kong - Hong Kong shares dipped below the 14,000-point barrier Monday after tumbling for a fourth straight day on grim US job figures and earnings warnings from locally-listed companies.
The blue-chip Hang Seng Index lost 406.44 points, or 2.83 per cent, to end the day at 13,971. Turnover was a relatively low 46.2 billion Hong Kong dollars (5.95 billion US dollars).
Indian stocks opened the day on a weak note following worldwide signals.
The 30-share index, BSE Sensex belled the day after losing 90.14 points at 9,316.33, as against its last closure at 9,406.47, down 180.41 points, on Friday (Jan 09).
Realty, IT and power stocks were among the major losers, while metal and consumer durables edged higher on selective buying action.
BSE Midcap and Smallcap index fell 0.33% and 0.04% respectively, as not much buying was seen in these segments.
The largest drug maker by market value, Sun Pharmaceutical is all set to replace Satyam Computer's stocks at the Bombay Stock Exchange (BSE) from January 12. BSE has expelled Satyam Computer Services from all equity indices of the stock exchange following disclosure of biggest ever corporate fraud by Satyam promoter B Ramalinga Raju and some executives.
Despite making some moderate recovery during the final hour of closing on Friday (Jan 09), the 30-share index BSE Sensex ended the week on a negative note.
Second line stocks saw heavy selling pressure. Metal and realty stocks were hammered badly on Friday.
For the week ended December 27, India’s benchmark wholesale price index (WPI), inflation declined to 5.91 percent as compared to 6.38 percent during the last week.
During the same period of the last year, the inflation was at 3.83%.
The largest drug maker by market value, Sun Pharmaceutical is all set to replace Satyam Computer's stocks at the Bombay Stock Exchange (BSE) from January 12. BSE has expelled Satyam Computer Services from all equity indices of the stock exchange following disclosure of biggest ever corporate fraud by Satyam promoter B Ramalinga Raju and some executives.