Wednesday, January 29, 2014

Epic Research Singapore : Hang Seng Index

The Hang Seng Index HK:HSI +0.95% tacked on 0.9% to 22,156.15. Chinese PC maker Lenovo HK:992 +4.96% LNVGF +6.31% climbed 4.2%, after the company said that it would reorganize itself into four business groups and diversify its business. Software developer Kingsoft Corp. HK:3888 +2.83% KSFTF +0.30% jumped 4.7%, as the company said it plans to spin off its information-security software business for listing on the Nasdaq or the New York Stock Exchange. Other tech stocks also pushed higher, as Tencent Holdings Ltd. HK:700 +4.57% TCTZF +4.69% rose 4.6%, and online game developer NetDragon Websoft HK:777 +1.52% gained 2%.
 
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