Thursday, August 28, 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:
Hang Seng ends lower (08-27 16:30)
Rusal returns to quarterly profit (08-27 16:16)
Fonterra steps back into China market (08-27 14:29)
Nikkei closes flat (08-27 14:22)
Burger King buys Tim Hortons (08-27 12:52)
Air China shares up despite profit drop for first half (08-27 12:29)
Nikkei flat by lunch (08-27 10:43)
Hong Kong stocks opens higher (08-27 10:27)
China investigating managers at VW joint venture (08-26 19:03)
More yuan payments in Europe (08-26 17:51)

More breaking news >>

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