Saturday, November 1, 2014   

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:
German retail sales post biggest drop for 7 years (10-31 17:59)
Hang Seng finishes higher (10-31 17:22)
IAG airlines group logs improving Q3 profits (10-31 17:21)
European stocks rally at open (10-31 16:47)
Panasonic says half-year profit dives (10-31 15:53)
Nikkei soars to seven-year high (10-31 15:44)
Japan Airlines H1 net profit slips (10-31 15:43)
Sony says half-year loss balloons six-fold (10-31 15:42)
RBS sets aside 400m pounds for forex probes (10-31 15:41)
BoJ chief says at 'critical moment' for exiting deflation (10-31 15:40)

More breaking news >>

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