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Hong Kong stocks end week with slide of more than 2 per cent

Business Materials 19 December 2008 13:10 (UTC +04:00)

Hong Kong stocks saw the end to a mini-rally Friday, sliding more than 2 per cent on the back of overnight losses on Wall Street, reported dpa.

The blue-chip Hang Seng Index lost 370.3 points, or 2.39 per cent, to close at 15,127.51. Turnover was 57.3 billion Hong Kong dollars (7.39 billion US dollars).

Friday's losses brought to an end four straight days of modest gains. As well as Wall Street losses, the decline was driven by concerns over losses by banking heavyweight HSBC and worries about credit deterioration, analysts said.

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