Dow Jones plummet impacts Hang Seng, wider Asia

Hong Kong’s stock index, the Hang Seng, plunged yesterday as shares were sold in a mass panic following the New York stock exchange’s plummet.

On Monday the Dow Jones lost 1,200 points (4.6%) and this has had a knock-on effect into Europe and Asia.

See also:

Japan stocks rise following election

Asia edition of Business Chief – February issue now live!

Singapore city focus

Tuesday marked Hong Kong’s biggest single-day plunge in over two years according to CNBC, due to sales of shares across Asia as the global crisis reached the 48-hour mark. This was the biggest decrease since 8th July 2015.

The Hang Seng closed yesterday 5.1% down to 30,959.42.

Every other Asian stock market followed suit with the exception of Laos Composite which showed a minimal increase. The Nikkei in Japan declined by 4.7% and the Topic index fell 4.4%.

Each of the 51 stocks on the Hang Seng index experienced a decline with Yang Huiyan’s Country Garden Holdings being hardest hit.

Share

Featured Articles

Exec interview: Brook Sims, COO, MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best new books that will make you a better leader

From inspiring CEO memoirs to strategic guides, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better boss

5 Mins With: Jeff Li, founder and CEO of Shoplazza

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

Workplace special – the changing nature of the office

Leadership & Strategy

Meet Shanique Bonelli-Moore, DEI leader at Clorox

Sustainability

Forterro CEO Dean Forbes – inspirational leadership

Leadership & Strategy