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Stock impact report

Hang Kong stocks crumble, cap biggest weekly fall since global financial crisis [Reuters]

CHINA TELECOM (CHA) 
Company Research Source: Reuters
Hang Kong stocks crumble, cap biggest weekly fall since global financial crisis | Reuters Reuters Staff 3 Min Read * Hang Seng index ends down 3.1 pct * China Enterprises index HSCE falls 3.9 percent * HSI financial sector sub-index is 3.2 percent lower; property sector down 3.1 percent Feb 9 (Reuters) - Hong Kong’s Hang Seng Index tumbled 3.1 percent on Friday and capped its biggest weekly drop since the depths of the global financial crisis in 2008, as tumult on Wall Street rippled across Asia. ** At close of trade, the Hang Seng index was down 943.85 points or 3.1 percent at 29,507.42. The Hang Seng China Enterprises index fell 3.87 percent to 11,901.67. ** For the week, Hang Seng tumbled 9.5 percent, the biggest weekly loss since October, 2008. HSCE posted a weekly loss of 12.01 percent. **The sub-index of the Hang Seng tracking energy shares skidded 3.4 percent while the IT sector fell 3.01 percent, the financial sector was 3.23 percent lower and property sector was off 3.08 perc Show less Read more
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