By Stacy-Marie Ishmael
Wednesday, November 29, 2006
 
Hong Kong blue chips shed almost 3 per cent yesterday in their biggest one-day points fall since the September 11 attacks on the US in 2001.

The benchmark Hang Seng shed 564.48 points to 18,639.53 as overnight losses on Wall Street dented sentiment in a market that had been hitting record highs in recent weeks.

The Hang Seng has repeatedly breached 19,000 this month, hitting a record high of 19,265.32 on November 23 and has risen 25 per cent this year.

The wider Hong Kong market has benefited from the euphoria surrounding the listing of a number of large mainland financial stocks on the H-share index of mainland companies listed in Hong Kong.

http://www.ftchinese.com/sc/story_english.jsp?id=001008173