Hong Kong’s Hang Seng Index Plunges Most Since Financial Crisis
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Hong Kong’s benchmark stock gauge plunged the most since the global financial crisis as an equity rout in mainland China rippled across Asia.
The Hang Seng Index fell 5.8 percent to 23,516.56 at the close today, the biggest drop since November 2008, after slumping as much as 8.6 percent. All but one stock on the 50- member gauge slid amid trading volume 148 percent higher than the 30-day average. A measure of Asian shares headed for its steepest drop in two years.