Economic Calendar

Tuesday, December 2, 2008

HK shares slide nearly 5 pct, led by HSBC

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HONG KONG, Dec 2 (Reuters) - Hong Kong shares tumbled 4.7 percent on Tuesday, with Chinese financial and property stocks leading the slide, on fears of a deepening global recession.

The benchmark Hang Seng Index .HSI unofficially closed the session down more than 600 points at about 13,400.

The index was dragged down by a more than 6 percent slide in shares of global lender HSBC (0005.HK: Quote, Profile, Research, Stock Buzz).

The China Enterprise index of Hong Kong-listed Chinese companies .HSCE closed down 5.3 percent at 7,002.48. (Reporting by Nerilyn Tenorio; Editing by Anne Marie Roantree)




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