Hong Kong stocks fell almost 5.5 per cent Friday as markets across the Asian region reacted to the collapse of a US car industry bail-out plan, reported dpa.
Hong Kong-listed Chinese shares led the declines with losses approaching 7 per cent, spurred by disappointment over the lack of further stimulus measures from Beijing at a key annual economic conference that ended Wednesday.
The blue-chip Hang Seng Index closed down 855.51 points, or 5.48 per cent, at 14,758.39. Turnover was 58.7 billion Hong Kong dollars (7.57 billion US dollars).
Friday's declines took the index back below the 15,000-point-barrier it broke on Monday when shares gained almost 9 per cent on expectations of rescue deals in the US and stimulus packages in China.