Hong Kong shares drop 3 pct in broad-based slump
Published: 08 Apr 2009 00:14:17 PSTHONG KONG, April 8 - Hong Kong shares slid 3 percent on Wednesday on worries over weak corporate first-quarter earnings amid the global downturn but carmaker Dongfeng Group soared on reports of record vehicle sales in March.
The benchmark Hang Seng Index finished down 454.11 points at 14,474.86.
New listing Silver Base was a victim of Wednesday's sell-off, closing at HK$3.11, well below its issue price of HK$3.45.
The China Enterprises Index of top mainland firms ended 2.6 percent lower at 8,546.71 but Dongfeng closed 5.7 percent higher on expectations vehicle sales on the mainland in March were at a monthly record.
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