Hang Sen châpeau g Index plunges 6.41% in morning session

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Hang Sen châpeau g Index plunges 6.41% in morning session
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Hang Seng Index plunges 6.41% in morning sessionPublished: 06 Nov 2008 01:53:27 PST

Nov. 6, 2008 (China Knowledge) - Hong Kong stocks Thursday tumbled 950.74 points or 6.41% to end the morning session at 13,889.42 points, with mainboard turnover standing at HK$30.37 billion.

Hang Seng China Enterprise Index, which tracks the overall performance of 43 Chinese mainland state-owned enterprises on the Hong Kong Stock Exchange, plummeted 542.60 points or 7.51% to 6,683.09 points.

Market heavyweight HSBC Holdings Plc<5><HBC>, which accounts for the largest weighting for the Hang Seng Index, fell 4.63% to HK$90.55.

Another market heavyweight China Mobile<941><CHL>, the largest firm by capitalization in the Hong Kong market, slid 5.87% to HK$67.40.

Sinopec<600028><386><SNP>, Asia's largest oil refiner dived 9.18% to HK$4.55 while smaller rival PetroChina<601857><857><PTR>, the country's largest oil producer and also involved in refining business, dropped 6.78% to HK$5.64.

Industrial & Commercial Bank of China (ICBC)<601398><1398> tumbled 7.11% to HK$3.66.

Top insurer China Life Insurance<601628><2628><LFC> plunged 6.06% to HK$20.35.

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