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Hong Kong stocks close 12.7% lower

(Xinhua)
Updated: 2008-10-27 16:34

HONG KONG - Hong Kong stocks nose-dived 1602. 54 points, or 12.7 percent to close at 11015.84 on Monday, the lowest level in over four years, alongside regional markets as investors dumped shares widely on continued worries about the global economy.

The benchmark Hang Seng Index once fell to 10676.29, 1942.09 points lower, or 15.39 percent down during the afternoon session.