Hong Kong - Hong Kong shares dropped 2.85 per cent Tuesday as banking stocks dipped lower on worries over profit losses and capital.
The blue-chip Hang Seng Index lost 300.22 points to end the day below the 12,000 level at 12,959.77 points. Turnover was a relatively low 39.5 billion Hong Kong dollars
(5.07 billion US dollars.)
Global banking giant HSBC continued its decline, sinking 7.7 per cent to 57.5 Hong Kong dollars, bringing the share price down more than 20 per cent since the beginning of last week.