Hong Kong stocks close down more than five percent

Hong Kong stocks crumbled more than five percent on Tuesday, making it one of the worst performers on a painful day for Asian markets after a record-breaking collapse on Wall Street fuelled by concerns over rising US interest rates. The Hang Seng Index dived 5.12 percent, or 1,649.80 points, to end 30,595.42 — its biggest close since the China-fuelled sell-off in August 2015. The Shanghai...

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