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Sell-off in Asia after election

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sale2 November 9, 2012 (Chinavestor) Chinese stocks slid in Asia on Friday after Wall Street suffered heavy losses after the election. The Hang Seng Index (INDEXHANGSENG:.HSI) fell 182.5 points or 0.9% while the Shanghai Composite Index (SHA:000001) declined 2.4 points or 0.1%. Big movers in Hong Kong included Buffet backed BYD Company (HKG:1211), a stock that surged 7.6%. The rest of the advance was from all over the board, from power generators to electronic equipment makers and shipping companies. But most components of the 42 member Hang Seng index (INDEXHANGSENG:.HSI) fell for the day. The decline was less universal in Shanghai where stocks that fell outnumbered those that advanced three to one.

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