Monday, October 27, 2008

Hong Kong index crashed down

Hong Kong Stocks Plunge the Most Since 1989 Crackdown. The 42 member of Hang Seng index all down. Hong Kong authority pump in $1billion into market also can stop the blood bleeding.

The Hang Seng Index today plunged 1,602.54, or 12.7 percent, to 11,015.84, the biggest decline since Oct. 28, 1997. It tumbled as much as 15.4 percent in the afternoon session, which would have been the largest drop since 4 June 1989, when the Chinese government used military force to clear pro-democracy demonstrators in Beijing.

The above brought Asia pacific market already infected by USA Financial Crisis. When is the last day of adjustment? Who Knows???

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