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Coffeeshop Chit Chat - Hong Kong shares Mon closed down 12.7%</TD><TD id=msgunetc noWrap align=right>
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</NOBR> </TD><TD class=msgDate noWrap align=right width="30%">3:11 am </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 2) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>1843.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Hong Kong shares close down 12.7%
Posted: 27 October 2008 1649 hrs
HONG KONG - Hong Kong shares Monday closed down 12.7 per cent -- their biggest single-day percentage drop since 1991 -- as investors dumped stocks on fears over a looming global economic recession, dealers said.
The benchmark Hang Seng Index nosedived 1,602.54 points to 11,015.84, its lowest level since August 2003. Turnover was light at 53,17 billion Hong Kong dollars.
Heavyweight HSBC was down 14.77 per cent, investment firm Citic Pacific dropped 27.67 per cent, and airline Cathay Pacific plunged 19.48 per cent.
"They are selling, without asking for prices. All they need is money," Dao Heng's Eric Yuen told Dow Jones Newswires.
[email protected]
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Posted: 27 October 2008 1649 hrs
HONG KONG - Hong Kong shares Monday closed down 12.7 per cent -- their biggest single-day percentage drop since 1991 -- as investors dumped stocks on fears over a looming global economic recession, dealers said.
The benchmark Hang Seng Index nosedived 1,602.54 points to 11,015.84, its lowest level since August 2003. Turnover was light at 53,17 billion Hong Kong dollars.
Heavyweight HSBC was down 14.77 per cent, investment firm Citic Pacific dropped 27.67 per cent, and airline Cathay Pacific plunged 19.48 per cent.
"They are selling, without asking for prices. All they need is money," Dao Heng's Eric Yuen told Dow Jones Newswires.
[email protected]
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