BCN-42 Hong Kong stocks plunge on Turkey crisis

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BCN-42

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Hong Kong stocks plunge on Turkey crisis

HONG KONG, Aug 13, 2018 (BSS/AFP) – Hong Kong stocks took a beating on
Monday as world markets were routed by fears that the financial crisis that
has gripped Turkey could spill over into the global economy.

The Hang Seng Index tumbled 1.52 percent, or 430.05 points, to 27,936.57.

The benchmark Shanghai Composite Index shed 0.34 percent, or 9.44 points,
to 2,785.87 but the Shenzhen Composite Index, which tracks stocks on China’s
second exchange, rose 0.31 percent, or 4.75 points, to 1,520.71.

BSS/AFP/HR/1425