Hong Kong shares slump 3 per cent as US rescue hangs in balance
Hong Kong - Hong Kong shares fell back nearly 3 per cent Friday as jittery investors waited to see if the US economic rescue package would be approved in Washington.
The Hang Seng Index lost 528.71 points, or 2.9 per cent, to close the week at 17,682.4 points, one of its lowest levels for two years. Turnover was a weak 53.2 billion Hong Kong dollars (6.84 billion US dollars.)
The Hong Kong sell-off mirrored falls in stock markets across the region, following overnight losses on Wall Street. Analysts said a gloomy outlook anticipated US job figures also weighed the index down. (dpa)
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