(8 Oct 2024)
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ASSOCIATED PRESS
Hong Kong – 8 October 2024
1. Wide of Exchange Square, home of the Hong Kong Stock Exchange
2. Hong Kong and Chinese flags outside stock exchange building
3. Various of screen on Exchange Square showing benchmark Hang Seng Index down 2,172.99 points, or 9.41 per cent, to 20,926.79 points at end of trading Tuesday
4. Wide of water feature outside Exchange Square
5. Wide of screen
6. Wide of people walking outside Exchange Square, home of Hong Kong stock exchange
STORYLINE:
Hong Kong’s share benchmark plunged more than 9% and other Chinese markets gave up much of their early gains Tuesday as traders dumped shares following recent rallies.
The Hang Seng index lost 9.4% to close at 20,926.79.
Technology and China-related shares led the decline.
Hong Kong shares had logged strong gains over the past week while markets in mainland China were closed for a weeklong holiday and reopened Tuesday.
The advances were fueled by recent announcements of Beijing’s plans for more support for the economy and for financial markets.
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