Hong Kong's Hang Seng Index plunges into bear market

Credit: REUTERS/Bobby Yip

Hong Kong's stock market slid into a bear market as a 7.4% plunge in share prices at Friday's open dragged the benchmark Hang Seng Index over 20% below its January high,

HONG KONG/SHANGHAI, March 13 (Reuters) - Hong Kong's stock market slid into a bear market as a 7.4% plunge in share prices at Friday's open dragged the benchmark Hang Seng Index .HSI over 20% below its January high,

The Hang Seng Index recorded its year-to-date high of 29,174.92 points on Jan. 20.

The index dipped below 23,339.94 points, the bear market barrier, when the market opened amid a global rout triggered by fears of the coronavirus pandemic.

(Reporting by Noah Sin in Hong Kong and Samuel Shen in Shanghai Editing by Shri Navaratnam)

((Noah.Sin@thomsonreuters.com; +852 2841 5782; Reuters Messaging: noah.sin.thomsonreuters.com@reuters.net; Twitter: https://twitter.com/noah_sin))

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