It has been revealed in recent developments of the stock market that the shares from Hong Kong have seen a rise of 2.15 in the recent times. This came after there was intimation that the leaders from the Eurozone shall take effective measures to tackle the debt crisis looming over them since a
long time now. There was a gain of 372.20 points witnessed by Hong Kong. This made their final position to be HK$62.53 billion. The traders are of the view that these recent gains were as a result of the steps taken by the finance ministers. It was further added that the trading volumes of the vicinity were low, as the investors backed off a bit after the release."People are still very cautious and I don't see much genuine buying interest behind the rebound as the Eurozone debt crisis remains unresolved and because of lingering concerns of a global economic slowdown", revealed the managing director form Shadowfax Asset Management, Frank Ren.
It was also revealed that PetroChina, the largest oil producing firm from China has show a rise of 4.1% in the recent times. There was a rise of 2.2%
witnessed in the Bank of China by It was further added that the China Construction Bank saw a rise of 1.9%.
It is notable that the economy of the entire world has been disrupted a bit in the recent times due to number of reasons like the recession in U. S and
the Eurozone crisis. It is possible through joint efforts to fight this condition and restore global prosperity.