Hong Kong stocks plunge 4.23% -- Oct 18
Updated: 2011-10-18 17:14
(Xinhua)
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HONG KONG -- Hong Kong stocks dumped 797.53 points or 4.23 percent, to close at 18,076.46 on Tuesday.
The benchmark Hang Seng Index traded between 18,411.40 and 17,963.26. Turnover totaled HK$63 billion ($8.1 billion).
The Hang Seng China Enterprises Index lost 512.91 points, or 5. 21 percent, to close at 9,340.43.
Heavyweight HSBC shed 3.2 percent to HK$62.85. China Mobile gave up 1.2 percent to HK$75.15.
Chinese lender were weak. Bank of Communication tumbled over 7. 1 percent to HK$4.56. ICBC lost over 6 percent to HK$4.04. Bank of China and China Construction Bank was down over 4 percent to close at HK$2.61 and HK$5.01 respectively.
Bucking the trend, Power Assets and CLP Holdings closed slightly up at HK$58.5 and HK$68.8. ($1 = HK$7.778)
- China Sept steel output lowest since Feb
- Sinohydro shares rise on debut
- Overseas companies set to boost cruise travel
- Siemens to build Chengdu plant, R&D base
- Vale lowers Q4 iron ore price
- China's GDP growth slows to 9.1% in Q3
- China's gold output up 3.87% in Jan-Aug
- Pilot zone for private financing
