Hong Kong  - Hong Kong stocks staged an astonishing recovery Tuesday, rebounding by 13 per cent just a day after seeing their worst one-day fall for 11 years.

Hong Kong  - Hong Kong leader Donald Tsang Tuesday announced a 12-strong task force of business leaders and politicians to tackle the impact of what he called the "financial tsunami."

The task force, which will be headed by Tsang and his financial secretary, will meet regularly to decide on policies to help shield the wealthy city of 6.9 million from the global economic slump.

He appointed Standard Chartered Bank chairman Mervyn Davies and Victor Fung, head of trading conglomerate Li & Fung, among others.

Hong Kong stock prices have fallen dramatically since the onset of the global financial crisis, losing nearly 13 per cent of their value Monday for the biggest one-day drop in 11 years.

Hong Kong (dpa) - Police in Hong Kong were Tuesday facing an inquiry
into why they carry out 18 strip searches a day on suspects with some
claiming they are repeatedly ordered to undress.

Legislators have set up a sub-committee to investigate the practice
after hearing that more than one in five suspects detained between July
and September were strip-searched.

Many of the suspects strip-searched are women from mainland China
and other South-East Asian countries detained for prostitution and
related offences in the wealthy city of 6.9 million.

A hearing of the legislative council's security panel Monday heard
that of 8,086 people detained by police between July and September,

Hong Kong - An attempt to launch the United States' second-biggest doughnut chain in Hong Kong appeared to have failed Monday with the franchise going into liquidation after just two years.

Five of the seven Krispy Kreme Doughnuts outlets in the city of 6.9 million suddenly shut down Monday with only two branches, both at the airport, remaining open.