Hong Kong stocks plunge 2.23 per cent on fears over China's economy

Hong Kong stocks plunge 2.23 per cent on fears over China's economyHong Kong  - Hong Kong stocks fell by 2.23 per cent Tuesday on the back of inflation worries in mainland China following the devastating earthquake in Sichuan on May 12.

The Hang Seng Index closed at 25,169, a drop of 572 points on the previous day. Turnover was 82.7 billion Hong Kong dollars (10.6 billion US dollars).

Analysts said the loss - the biggest in two weeks - was fuelled by fears over the effect the earthquake would have on the mainland's economy.

Estimates claim the economic losses from the disaster could amount to about 67 billion yuan in Sichuan alone. (dpa)

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