Hong Kong stocks plunge on Turkey crisis

Hong Kong stocks plunge on Turkey crisis
Click for full image

Hong Kong: Hong Kong stocks took a beating on Monday as world markets were routed by fears that the financial crisis that has gripped Turkey could spill over into the global economy.

The Hang Seng Index tumbled 1.52 percent, or 430.05 points, to 27,936.57.

The benchmark Shanghai Composite Index shed 0.34 percent, or 9.44 points, to 2,785.87 but the Shenzhen Composite Index, which tracks stocks on China’s second exchange, rose 0.31 percent, or 4.75 points, to 1,520.71.

AFP