Hong Kong blue chips closed deep in the red today in the wake a correction on Wall Street and also heavy selling in Asian markerts. The benchmark Hang Seng Index plunged by 648.69 points, or 2.42 percent at 26,129.93. In mainland China, the Shanghai Stock Exchange Composite Index lost 3.71 percent, or 111.03 points at 2,880.30. The Shenzhen Stock Exchange Composite Index fared worse. To put that in perspective, the Dow’s 508-point loss on October 19, 1987, was equal to 22.6 percent.

Source: The Standard February 28, 2020 08:15 UTC