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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: roguedolphin who wrote (89265)	10/27/2008 3:52:15 AM
From: roguedolphin	Respond to of 116555

Another day another crash.....the Hang Sang/Hong Kong Index is crashing an unbelievable 14% right now... finance.yahoo.com HSBC dives more than 10 percent in stock sell-off Monday October 27, 3:05 am ET HONG KONG (Reuters) - Shares in blue-chip heavyweight HSBC (HKSE:0005.HK - News) plunged more than 10 percent to a six-year low on Monday, joining a global equities sell-off on fears of the impact of a global recession on corporate profits. The stock fell HK$9 to HK$79. "It was a nightmare for HSBC to plunge below HK$80," said Francis Lun, general manager from Fulbright Securities. "A dive in Japanese and the mainland stocks triggered the sell-off in local stocks," he added. The blue-chip Hang Seng Index (HKSE:^HSI - News) fell 8.6 percent in afternoon trade. (Reporting by Alison Leung; Editing by Anne Marie Roantree)