Hong Kong stocks plunge 4% as global economy concerns play out
by Reuters from Economics | The Guardian on (#13K6J)
Biggest daily drop in six months looms for Hong Kong markets opening after the lunar New Year break
Hong Kong's stocks took a battering on Thursday, with the benchmark index falling 4% in late morning trade as worries about the health of the global economy, particularly China, sparked a sell-off in financials and energy shares.
Stocks were set for their biggest daily drop in six months after they reopened from a three-day break, catching up with global peers. China-related stocks and banks were singled out for special punishment.
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