Saturday, February 28, 2009

Hong Kong stocks close 2.86% lower

HONG KONG, Feb. 24 (Chinese media) -- Hong Kong stocks slumped 376.58 points, or 2.86 percent, to close at 12,798.52 on Tuesday, tracking Wall Street's sharp losses overnight.



Turnover fell to 36.97 billion HK dollars (4.77 billion U.S. dollars) from Monday's 39.58 billion HK dollars (5.1 billion U.S. dollars).

The benchmark Hang Seng Index lost 385.81 points, or 2.93 percent, to open at 12,789.29 and tumbled as much as 540.26 points, or 4.1 percent, to the day's lowest 12,634.84 in the morning session but trimmed its losses towards closing.

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