Hong Kong stocks tumble 2.17 per cent on oil price decline

Hong Kong stocksHong Kong - Hong Kong stocks fell more than 2 per cent Wednesday, sliding toward the 20,000 mark as oil and commodities stocks fell along with the prices of those goods.

The Hang Seng Index ended the day down 457.4 points, or 2.17 per cent, at 20,585.06. Turnover was relatively light at 56 billion Hong Kong dollars (7.1 billion US dollars).

Hong Kong shares have shed more than a third of their value in a 10-month bear run since the Hang Seng peaked at almost 32,000 at the end of October.

Shares of China's Huiyuan Juice Group Ltd, however, soared more than 160 per cent after news that Coca-Cola Co offered 2.4 billion US dollars for the company. (dpa)

Business News: 
Regions: