Hong Kong shares fall in worst start to lunar new year since 1994

Mainland Chinese financial markets remain closed for holidays until Monday

Hong Kong Pic: Pixabay

Hong Kong stocks headed for their worst start to a lunar new year since 1994 as a global equity rout deepened amid concern over the strength of the world economy.

The Hang Seng Index slumped 3.9 per cent as of 1:13 p.m. in Hong Kong as markets reopened following a three-day trading closure, during which the MSCI All-Country World Index dropped 2.1 per cent. The last time the gauge fell so much on ...