Asian Financial majors, China and Hong Kong stock markets rose this week more than what economists had expected. One the other side U. S. jobless claims dropped and additionally, the exports from China were recorded higher.
Companies like Li & Fung Ltd., supplier of Wal-Mart stores and Lenovo Group Ltd., a Chinese personal computer maker gained 1.5 percent and 1.9 percent during stock trading today.
Cnooc Ltd, state-owned Chinese offshore energy explorer gained 2.3 percent after a rise in the oil price. Chong Hing Bank Ltd. gained a whopping 11 percent during trading.