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HK shares plunge nearly 9 pct on recession jitters

Thu Oct 16, 2008 2:46am EDT

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.

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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)

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