Hong Kong shares fall by nearly 4 per cent amid regional slump

Hong Kong shares fall by nearly 4 per cent amid regional slumpHong Kong - Hong Kong shares fell sharply Monday, losing nearly 4 per cent of their value as a tide of poor economic data from China, South Korea and the US soured sentiment.

The blue-chip Hang Seng Index shed 494.11 points, or 3.86 per cent, to end the day at 12,317.46. Turnover was 36.3 billion Hong Kong dollars (4.67 billion US dollars.)

Monday's losses followed a poor performance on Wall Street Friday and falls in other markets as company forecasts suggested economic prospects in the US and the Asia-Pacific region contine to worsen. (dpa)

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