Hong Kong stocks opened more than 5 per
cent lower Thursday, joining a regional downward spiral in share prices
following heavy overnight losses on Wall Street, dpa
reported.
The blue-chip Hang Seng Index was down 690.71 points, or 5.39 per cent, in the
first 10 minutes of trading Thursday, leaving the index at 12,125.09.
The losses come after the Dow Jones Index in the US fell 5 per cent overnight
to close below 8,000 points, triggering falls in Asian markets including Australia, Japan and South Korea.
Hong Kong share prices have fallen by almost 40 per cent since dropping through
the 20,000 barrier at the end of September.
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