The Hang Seng Index opened 1.3% higher at 17,745.18 in Hong Kong. Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 2.6%. Baidu Inc. had the largest increase, rising 10.3%. In early trading, 71 of 82 shares rose, while 10 fell; all sectors were higher, led by commerce and industry stocks. Source…
China’s consumer prices eked out another small gain in June, hovering near zero for a fifth month, a sign that deflationary pressures continue to impede an economic recovery. The consumer price index rose 0.2% from a year earlier, the National Bureau of Statistics said Wednesday. That compares with an increase of 0.3% in May and a median…
Gold edges higher in the early Asian session on signs of demand from bullion ETFs. Inflows from these ETFs have started to emerge, and buying interest from them could become more pronounced into the quarter-end and year-end, Citi Research analysts say in a research report. Citi stays ‘constructive’ on physical uptake of gold over the…
