• Gupta fallout

    KPMG is still losing staff and clients due to Gupta fallout, according to insiders.

  • Stimulus reaction

    Ratings agency Fitch says SA's stimulus plan is unlikely to boost growth significantly.

  • The Ramaphosa Plan

    The president said on Friday that the work "starts now". He wasn't wrong, writes Pieter du Toit.

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Energy, insurance firms lead sell-off in Hong Kong stocks

Feb 03 2016 09:11

Hong Kong - Hong Kong stocks plunged in the morning session on Wednesday as another sell-off in oil hammered energy firms, while insurance companies were also hit by a report China would clamp down on the purchase of overseas cover.

The Hang Seng Index sank 483.44 points, to 18 963.4 by the break.

And the benchmark Shanghai Composite Index fell 32.07 points, to 2 717.50, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, eased 9.12 points, to 1 719.97.

 

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equities  |  hong kong  |  markets
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