Monday, 23 July 2012

Hong Kong stocks close down 3% from eurozone impact

Hong Kong stocks tumbled nearly 3% Monday on the impact of the worsening eurozone crisis.

The Hang Seng Index fell 587.33 points or 2.99% to close at 19,053.47 points. Turnover was 50.98 billion Hong Kong dollars (US$6.6 billion).

HSBC Holdings led those on the decline, dropping 5.68% to 63.1 HK dollars (US$8.13). China Life, one of the world's largest life insurers by market value, plunged 4.76% to 21 HK dollars (US$4.12).

The Industrial and Commercial Bank of China dropped 2.13%. Bank of China slipped 2.09% to 2.81 HK dollars (US$0.36).

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