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HK index plunges 8 percent in Asian market rout

HK index plunges 8 percent in Asian market rout

Hong Kong's stock index has plunged more than 8 percent as Asian markets continue to slide amid recession fears.
The blue-chip Hang Seng Index was down 1,108 points, or 8.8 percent, to 11,506 in afternoon trade Monday.
The slide added to Friday's loss of more than 1,100 points, or about 8.3 percent.
Markets in Japan, the Phillippines and mainland China were also sharply lower following last week's sell-off. Investors appeared little comforted by government measures to boost economies and calm the markets.
In Hong Kong, the de facto central bank has injected more money in the market to increase liquidity.
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On the Net:
http://www.hkex.com.hk


Updated : 2021-04-14 16:48 GMT+08:00