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Article: HONG KONG INDEX PLUMMETS 1,555 POINTS VOLATILE HANG SENG FALLS 15 PERCENT; OTHER MARKETS ALSO DROP.(News/National/International)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- October 28, 1997
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Byline: Associated Press
HONG KONG -- Shares plunged 15 percent today on the Hong Kong Stock Exchange, dragged down by Wall Street's slump.
The blue-chip Hang Seng index opened sharply down and got steadily worse. By noon, the index had crashed through the 9,000 point barrier, tumbling 15 percent, or 1,554.83 points, to 8,943.37 points.
Before today's drop, the Hang Seng had fallen 22.8 percent in six trading sessions.
Traders were nervous at the 10 a.m. (7 p.m. MST Monday) opening, having awakened to news that the Dow Jones industrial average had fallen by 554.26 points.
Until last week's crash, Hong Kong had appeared a ...