Hong Kong stocks tumble by lunch, Glencore battered

Hong Kong stocks tumble by lunch, Glencore battered
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Summary In Shanghai the benchmark composite index lost 1.84 percent, or 56.91 points, to 3,043.85

HONG KONG (AFP) - Mining giant Glencore was the stand-out loser in Hong Kong share trading Tuesday, shedding more than a quarter of its value and dragging the Hang Seng Index as China s economic woes hit demand for commodities.

Hong Kong stocks plunged 3.59 percent, or 759.59 points, to 20,426.73 by the break. Switzerland-based Glencore was down 25.9 percent.

In Shanghai the benchmark composite index lost 1.84 percent, or 56.91 points, to 3,043.85.

The Shenzhen Composite Index, which tracks stocks on China s second exchange, gave up 1.37 percent, or 23.89 points, to 1,714.03.

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