Article: China pricks bubble in Hong Kong market Doubts raised on direct investment plan

From news reports Reuters, Bloomberg, AP
International Herald Tribune
11-06-2007
China pricks bubble in Hong Kong market Doubts raised on direct investment plan
Byline: From news reports Reuters, Bloomberg, AP
Edition: 1
Section: FINANCE/BUSINESS

HONG KONG --

Hong Kong's blue chip stocks plunged Monday after China's prime minister raised uncertainties about a proposal to allow mainland citizens to invest directly in the city's listed securities.

The Hang Seng index shed 1,526.02 points, or 5 percent, to close at 28,942.32, the largest drop since the terrorist attacks of Sept. 11, 2001. High-flying oil issues led the losses, including PetroChina, even though its price more than doubled on the ...

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