Hong Kong led Asian stock markets in a broad retreat yesterday, as the US authorities debated the details of a bail-out for the financial sector and investors locked in profits from the previous sessions’ gains.
The Hang Seng index slid back after a two-day surge to end 3.9 per cent down at 18,872.85, only 7 per cent higher than its two-year low of September 18.
The index of China Enterprise stocks, or H-shares, lost 5.1 per cent to 9,704.50. Financials and blue chips led the market lower, with mainland banks also weighing on the index.
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