Thursday, March 5, 2015   

Hang Seng dives on back of US
(02-04 11:17)

Hong Kong shares have fallen more than 2 percent in opening trade, following huge losses on Wall Street that were fueled by weak US economic data.
The Hang Seng Index fell 473 points to 21,561 on opening. The Secretary for the Treasury, K C Chan, says the drop in US markets was down to two main factors -- economic data and the Fed's tapering of its bond-buying stimulus program, RTHK reports.
Speaking at the first session of the local stock exchange after the new year, he told reporters the US was still doing "generally okay".
   
Other Business breaking news:
Bank of England faces unprecedented criminal investigation (2 hrs 18 mins ago)
Bank of England holds fire on rates (2 hrs 24 mins ago)
Euro touches 11-year lows (2 hrs 41 mins ago)
Apple leaves Samsung behind in China for 25pc market share (2 hrs 57 mins ago)
(Geneva Auto Show) BMW 2-Series Gran Tourer: blinged-out compact (03-05 18:51)
(Geneva Auto Show) Mercedes-Maybach S-600 Pullman: champagne ride (03-05 18:47)
(Geneva Auto Show) Audi R8: muscular supercar (03-05 18:43)
(Geneva Auto Show) Lamborghini SV: 750 horsepower (03-05 18:40)
(Geneva Auto Show) Ferrari 488 GTB: turbo-charged sprinter (03-05 18:29)
(Geneva Auto Show) Seductive fast cars parade (03-05 18:23)

More breaking news >>

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