While in Hong Kong, the Hang Seng Index fell 1602 points, or 12.7 per cent, to close at 11015.84. year low, while Hong Kong's Hang Seng plunged 13%. year low. Hong Kong's Hang Seng index was down 8.8 per cent in afternoon trade. The Hang Seng fell more than 12 percent and stocks in mainland China fell 7 percent on profit concerns. Worldwide equities tumbled, with the Hang Seng in Hong Kong closing with a 12.7% decline and with the FTSE 100 down 3% in London. �� The Hang Seng Index closed at 11015.84 on Monday, down 1602.54 points or 12.7 per cent. Hong Kong’s Hang Seng slumped 12.7% as shares in heavyweights such as HSBC registered dramatic losses of nearly 15%. The Hang Seng index closed down 1602.54 points or 12.7 pct at 11015.84, off a low of 10676.29 and high of 12736.85. The Hang Seng was off 12.2% overnight. Europe is running off 6%. The US is likely to open with another large drop. The Hang Seng was off 12.2% to 11.080. The Shanghia Composite was off 6.3% to 1723. Douglas A. McIntyre is an editor at 24/7 Wall St. In Hong Kong, the Hang Seng index fell 4.7%, while the S&P/ASX 200 index in Australia fell 1.4%. The Hang Seng index was down 3.7% at 12147. Shanghai Index was down 3.6% at 1773. The Nikkei 225 Index was up 0.8% at 7709.
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