The Hang Seng is having its worst day in nearly two months [CNNMoney.com]
HANG LUNG PPTYS S/ADR (HLPPY)
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Source: CNNMoney.com
The Hang Seng is having its worst day in nearly two months Hong Kong (CNN Business) Hong Kong stocks are having their worst day in nearly two months. The city's benchmark Hang Seng Index ( HSI ) fell as much as 1.9% after Moody's downgraded the city's credit rating, citing the "absence of effective response and lack of clarity" on how the government plans to address political and economic concerns. The city has been gripped by pro-democracy protests for months. The index was last down 1.85%. Shares of Hang Seng components were down almost across the board. Major property developers like Wharf Real Estate Investment Company and Hang Lung Properties were among the worst performers, having lost more than 3%. Chinese carmaker Geely Auto was the worst performer — down 5.5% by midmorning. The only component to trade higher was CSPC Pharmaceutical Group, which was up a little more than 1%. Pharmaceutical stocks in Hong Kong and in mainland China jumped Monday as Chin
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