HK shares plunge nearly 9 pct on recession jitters
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)
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- UPDATE 5-Mega Millions lottery winning tickets sold in California, Georgia -Officials
- Winning ticket sold in California for Mega Millions lottery: official
- India removes barriers to U.S. embassy as anger grows over diplomat's arrest
- U.N. told up to 500 killed in South Sudan clashes: diplomats