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Nikkei Markets

Hong Kong stocks plunge as further US sell-off rattles markets

Energy producers slide on oil slump, while Rusal slumps after results

HONG KONG (Nikkei Markets) -- Hong Kong shares slumped the most in almost five years on Friday, joining a global sell-off after the Dow Jones Industrial Average suffered its worst tumble in more than 30 years as worries over the new coronavirus continued to rattle sentiment.

The Hang Seng Index tumbled 5.8% to 22,904.28 by noon after sliding a much as 7.4% earlier. The decline is poised to be the gauge's worst day since July 2015. All 50 of the index's constituents traded lower, with financial heavyweights AIA Group and HSBC Holdings shedding 5.9% and 6%, respectively, and Tencent Holdings dropping 5.1%.

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