After the announcement by Harbin Power Equipment Co. that it had profited doubly in the first half of the fiscal, Hong Kong share markets fluctuated. Commodity producers and metal prices saw a decline.

Harbin Power saw a growth of six decimal three percent its steepest jump recorded by Hang Seng Composite Index. The company called Aluminum Corp of China Ltd, Hong King’s biggest producer of aluminum went down by one decimal five percent.

Seller of biopharmaceutical products called Paradise Entertainment Ltd saw a growth of twenty percent .It has stated that the company will pay Two Hundred and Eighty million Hong Kong Dollars to one of its directors for a patent on a betting terminal system in Macau.

At nineteen minutes past ten, local time, the Hang Seng Index saw a rise of zero decimal two percent reaching twenty one Lacs seven hundred and twelve thousand decimal six seven after a decline of zero decimal two percent. Zero decimal two percent of growth was visible in the Hang Seng China Enterprises Index reaching twelve lacs one hundred eighty two decimal thirty five.

With the reports of weak employment data on the US front indicating a sluggish economic recovery of the US, on Monday, Hong Kong stocks are likely to open cautiously as all other Asian markets are bearish too.

In recent weeks the US stocks saw gains supported by handsome corporate earnings but on Friday it declined as government data showed a drop in payrolls in the month of July which are more than what were expected. Chinese investors will observe keenly the impetus of the macroeconomic data from Beijing which will be published later this week. According to analysts those data will indicate a definite slowdown in the second half of this fiscal.