HONG KONG: Hong Kong stocks have slumped 2.38 per cent, after another devaluation of China’s currency and weak data aggravated fears of a worsening economic slowdown.
The benchmark Hang Seng Index on Wednesday dropped 582.19 points to end the day at 23,916.02 on turnover of $HK102.99 billion ($A18.19 billion).
Shanghai shares closed down 1.06 per cent as weakness in the yuan and worse-than-expected economic figures hurt sentiment, dealers said.
The benchmark Shanghai Composite Index lost 41.59 points to 3,886.32 on turnover of 597.1 billion yuan ($A129.16 billion).
The Shenzhen Composite Index, which tracks stocks on China’s second exchange, dropped 1.54 per cent, or 35.09 points, to 2,249.18 on turnover of 506.7 billion yuan
