AFP, Hong Kong :
Hong Kong stocks sank Thursday, in line with a rout across most Asian markets that followed a plunge on Wall Street, with Cathay Pacific hammered after admitting a massive passenger data hack.
The Hang Seng Index slipped 1.01 percent, or 255.32 points, to 24,994.46. However, it was well off the losses of more than two percent seen in the morning session.
But the benchmark Shanghai Composite Index inched up 0.50 points to 2,603.80 on late afternoon bargain-buying, though the Shenzhen Composite Index, which tracks stocks on China’s second exchange, 0.34 percent, or 4.42 points, to 1,292.60.
Hong Kong stocks sank Thursday, in line with a rout across most Asian markets that followed a plunge on Wall Street, with Cathay Pacific hammered after admitting a massive passenger data hack.
The Hang Seng Index slipped 1.01 percent, or 255.32 points, to 24,994.46. However, it was well off the losses of more than two percent seen in the morning session.
But the benchmark Shanghai Composite Index inched up 0.50 points to 2,603.80 on late afternoon bargain-buying, though the Shenzhen Composite Index, which tracks stocks on China’s second exchange, 0.34 percent, or 4.42 points, to 1,292.60.
