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HK stocks collapse on global economic woes

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decline November 10, 2011 (Chinavestor) There is not much commentary needed to the chart below. The Hang Seng Index (INDEXHANGSENG:.HSI) plunged over 1000 points on Thursday, the most since 2008 in one day. Worries about Europe's ability to sort out its problems sink in, finally. The same index surged over 600 points a day before, so today's 1050.5 points dive should be examined from a wider context. The Shanghai Composite Index (SHA:000001) fell to three weeks lows.

pre_20111110

The good news is that index futures point to a higher open as U.S. markets are ready to a bounce back. This is expected to mitigate negative sentiment for U.S .listed Chinese stocks.



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