HK shares plunge nearly 9 pct on recession jitters

HONG KONG Thu Oct 16, 2008 2:46am EDT

Related Topics

HONG KONG Oct 16 (Reuters) - Hong Kong shares tumbled nearly 9 percent on Thursday as selling intensified after other major Asian bourses posted hefty losses amid dismal U.S. economic data that stoked fears of a global recession.

By 0636 GMT, the benchmark Hang Seng Index .HSI stood at 14,590.04, giving back all of the gains made in its two-day, 14-percent rally earlier this week.

The China Enterprises Index .HSCE of top locally listed mainland Chinese companies had fallen 11.2 percent to 7011.08. (Reporting by Parvathy Ullatil; Editing by Anne Marie Roantree)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

Track China's Leaders