Hong Kong stocks fall nearly 4 per cent on faltering confidence
Hong Kong - Hong Kong stocks ended a two-day rally Tuesday and fell back 3.87 per cent amid faltering confidence in the US plan to rescue large Wall Street debtors.
The blue-chip Hang Seng Index lost 759.35 points to end the day at 18,872.85 points. Turnover was 64.3 billion US dollars (8.27 billion US dollars).
The decline followed two days of strong gains that took the Hong Kong index to within touching distance of the 20,000-point mark by Monday.
Wall Street, which often dictates the pace for Hong Kong's market, lost ground overnight as doubts mounted over the government's planned rescue package announced at the weekend to save mortgage lenders. (dpa)
Business News:
Regions: