Hong Kong: Stocks track plunges in US, Europe

[HONG KONG] Hong Kong stocks tumbled more than one per cent in early trade Friday following hefty losses in Europe and New York as traders were left disappointed by the European Central Bank's latest measures to boost the economy.

The Hang Seng Index in Hong Kong fell 1.23 per cent, or 274.90 points, to 22,142.11.

And Shanghai retreated after a four-day rally, with the composite index down 0.74 per cent, or 26.67 points, at 3,558.15. The Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 0.32 per cent, or 7.17 points, to 2,236.77.

AFP