logo

Hong Kong shares tumble

Sunday, 12 October 2014



SHANGHAI, Oct 11 (Reuters): Hong Kong shares tumbled nearly 2 per cent on Friday on weakness in global equity markets plus jitters over a possible flare-up in pro-democracy protests in the city.
The Hang Seng Index dropped 1.9 per cent to 23,088.54 points. The China Enterprises Index of the top Chinese listings in Hong Kong fell 1.7 per cent.
For the week, the HSI was up 0.1 per cent while the HSCE index was down 0.5 per cent.
Analysts said some investors were nervous that pro-democracy protests could re-ignite after Hong Kong students said they would maintain their campaign for political change after the city government cancelled talks with them.
Wall Street on last Thursday posted its largest percentage decline in six months on concerns about the strength of the global economy.
The financial sector fell, erasing gains from Thursday, with Industrial and Commercial Bank of China, China Construction Bank and HSBC Holdings all sliding around 1.6 per cent.