Hong Kong’s Hang Seng Plunges 4.6% in Volatile Sessions of Asian Trading Hours

Hong Kong’s Hang Seng Index fell more than 4% in the morning session on Monday, dragged by the tech sector, especially the heavyweight such as Tencent and Alibaba after China confirmed that Xi Jinping would run for his third term.


As of 10:45 local time in BKK, Nikkei rose 0.99%, China’s mainland SSEC fell 0.89%, Hong Kong’s Hang Seng Index plunged 4.60%, Korea’s Kospi increased 0.89% and Australia’s ASX200 gained 1.46%.

The market in Thailand was close for holiday on Monday.


Authorities in Japan reportedly intervened in the currency market on Friday after the Japanese yen fell below 150 per dollar, a key psychological milestone, and reached levels not seen since August 1990.