Epic Research Singapore : Hang Seng Index

The Hang Seng Index HK:HSI +0.54% edged down 0.3% at 22,906.35. Mainland banks declined after Industrial and Commercial Bank of China, the world's largest bank by assets, reportedly refused to "assume main responsibility" to bail out investors in a 3 billion yuan ($500 million) investment product that it helped distribute.

Industrial and Commercial Bank of China shares HK:1398 -1.01% IDCBF +1.54% fell 1%, Bank of China HK:3988 -0.88% BACHY -0.70% lost 0.6%, and Agricultural Bank of China Ltd HK:1288 -1.15% ACGBF -4.44% dropped 1.2%. Meanwhile, China Cosco Holdings HK:1919 +2.67% CN:601919 +1.30% CICOY -3.48% , the country's largest bulk shipping company, rallied 5% after it expected to return to profit in 2013 and possibly avoid a delisting in Shanghai after two years of substantial losses. On the mainland, the Shanghai Composite Index CN:SHCOMP -0.93% gave up 0.8%.  

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