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QE talk lift Hang Seng on Friday

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November 15, 2013 (Chinavestor) Equities experienced a broad rally in Asia on Friday after Yellen signalling QE to say for long. The Hang Seng Index (INDEXHANGSENG:.HSI) jumped 340 points at the open to end Friday up 383 points or 1.7%. The rally among 50 components of the index was universal, all but two components advanced. Angang Steel (HKG:0347) surged 5.4% followed by China's largest gold miner Zijin Mining (HKG:2899) and Ping An Insurance (HKG:2318). China Eastern Airline (HKG:0670)(NYSE:CEA) jumped 3.4% and a similar move is likely to happen on the NYSE today. The company is listed under ticker CEA.

 

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