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Hong Kong: Shares end with big losses, Shanghai bounces

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Hong Kong stocks sank Thursday, in line with a rout across most Asian markets that followed a plunge on Wall Street, with Cathay Pacific hammered after admitting a massive passenger data hack.

[HONG KONG] Hong Kong stocks sank Thursday, in line with a rout across most Asian markets that followed a plunge on Wall Street, with Cathay Pacific hammered after admitting a massive passenger data hack.

The Hang Seng Index slipped 1.01 per cent, or 255.32 points, to 24,994.46. However, it was well off the losses of more than two per cent seen in the morning session.

But the benchmark Shanghai Composite Index inched up 0.50 points to 2,603.80 on late afternoon bargain-buying, though the Shenzhen Composite Index, which tracks stocks on China's second exchange, 0.34 per cent, or 4.42 points, to 1,292.60.

AFP

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