Markets

Hong Kong shares close 3.08pc lower

HONG KONG: Hong Kong stocks dropped 3.08 percent on Friday as selling fever gripped world markets over fears for the

Published August 19, 2011 Updated August 19, 2011 08:34am

1 min

By Shoaib Ur Rehman

The benchmark Hang Seng Index fell 616.35 points to 19,399.92 on turnover of HK$81.93 billion ($10.51 billion).

Chinese shares closed down 0.98 percent, with dealers also fretting about world events.

The Shanghai Composite Index points ended 25.11 points lower at 2,534.36 on turnover of 73.8 billion yuan ($11.5 billion).

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