Hong Kong shares drop 3 pct led by HSBC
Published: 21 Apr 2009 00:10:15 PSTHONG KONG, April 21 - Hong Kong shares marked their biggest drop in two weeks, falling 3 percent on Tuesday as HSBC slid on a surge in bad debts at Bank of America while China Mobile succumbed to selling pressure after its first quarter earnings.
The benchmark Hang Seng Index finished 465.02 points lower at 15,285.89 with HSBC leading losses with a 5.1 percent slide.
The other index heavyweight China Mobile also fell by a similar percentage after its profit growth slowed to 5 percent in the first three months of 2009.
The China Enterprises Index of top mainland firms shed 2.1 percent to end at 9,039.09.
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Reuters
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