BCN-11Hong Kong stocks tumble at open

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ZCZC

BCN-11

STOCKS-HONGKONG-CHINA-MARKET-OPEN

Hong Kong stocks tumble at open

HONG KONG, Aug 13, 2018 (BSS/AFP) – Hong Kong stocks tumbled in the first
few minutes of trade Monday as investors are spooked by a rout of the Turkish
lira that has fuelled concerns about a global contagion.

The Hang Seng Index fell 1.44 percent, or 409.84 points, to 27,956.78.

And the benchmark Shanghai Composite Index shed 0.94 percent, or 26.29
points, to 2,769.02, while the Shenzhen Composite Index, which tracks stocks
on China’s second exchange, dived 1.15 percent, or 17.39 points, to 1,498.57.

BSS/AFP/HR/0952