Hong Kong shares fall 2 per cent

Hong Kong shares fall 2 per centHong Kong - Hong Kong shares fell to their lowest level in more than a month Tuesday, shedding more than 2 per cent after overnight losses on Wall Street.

The blue-chip Hang Seng Index fell by 302.95 points, or 2.17 per cent, to end the day at 13,668.05. Turnover was 47.2 billion Hong Kong dollars (6.08 billion US dollars.)

Tuesday's losses continued a losing streak that began with a 3.37 per cent fall last Wednesday and on Monday saw the index fall back through the 14,000 points barrier.

Analysts say investors expect more poor earnings announcements in the days ahead and believe the Hang Seng Index could fall to 13,000 or below by the end of January. (dpa)

Business News: 
Regions: