Hang Seng dives 2pc over Cyprus uncertainty
(03-18 16:24)
Stocks in Hong Kong ended 2 percent lower as a plan by Cyprus to tax bank deposits raised fresh concerns the euro zone debt crisis could reignite.
The benchmark Hang Seng Index lost 449.75 points to 22,083.36 on turnover of HK$78.23 billion, AFP reports.
The China Enterprises Index also dived 2.1 percent.
Shanghai shares closed down 1.68 percent. The benchmark Shanghai Composite Index slumped 38.38 points to 2,240.02 – its lowest close since December 28 – on turnover of 81.5 billion yuan.
Investors have been spooked by news that Cyprus agreed to a levy of up to 10 percent on bank depositors as part of a deal with fellow euro zone countries and international creditors in order to qualify for a US$10 billion bailout.
|
|
|
|
