Friday Photo: Asian traders give this week a thumbs down
MIKE CLARKE/AFP/Getty Images Traders on the floor of the Hong Kong Stock Exchange give a thumbs down to the trading day, 12 November 2007. Hong Kong share prices tumbled 3.9 percent in closing trade 12 November amid renewed jitters over US subprime loans fallout and worries that China may announce further tightening measures, dealers said. ...
MIKE CLARKE/AFP/Getty Images
Traders on the floor of the Hong Kong Stock Exchange give a thumbs down to the trading day, 12 November 2007. Hong Kong share prices tumbled 3.9 percent in closing trade 12 November amid renewed jitters over US subprime loans fallout and worries that China may announce further tightening measures, dealers said.
It was another bad day today:
Hong Kong shares plunged Friday, tracking overnight weakness on Wall Street and amid concerns Beijing is cracking down on illegal flows of funds into the Hong Kong stock market.
The benchmark Hang Seng Index sank 1,136.78 points, or 3.95 percent, to 27,614.43.
Blake Hounshell is a former managing editor of Foreign Policy.
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