Hong Kong stocks tumble in morning after China slump

(iStock)
(iStock)

Hong Kong - Hong Kong stocks extended their losses to a fourth day on Thursday morning, as markets in China were suspended within half an hour of opening after authorities weakened the yuan's value against the dollar to a five-year low.

Hong Kong's benchmark Hang Seng Index sank 501.42 points to 20 479.39 by the break. The market has lost 6.6% in the first four days of the year.

ZAR/USD
17.01
(+0.06)
ZAR/GBP
21.26
(-0.07)
ZAR/EUR
19.18
(-0.02)
ZAR/AUD
11.79
(-0.11)
ZAR/JPY
0.16
(+0.18)
Gold
1766.14
(-0.08)
Silver
17.90
(-0.47)
Platinum
820.00
(+0.30)
Brent Crude
42.09
(+1.84)
Palladium
1901.00
(+0.24)
All Share
53787.72
(-1.06)
Top 40
49570.88
(-1.20)
Financial 15
10002.37
(-0.31)
Industrial 25
75233.15
(-0.33)
Resource 10
49979.54
(-2.56)
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