Hong Kong shares sink to 9-month low on Fed, China flash PMI

Asian markets fell and Hong Kong shares slipped to a nine-month low on Thursday, after the US Federal Reserve signalled a tapering of stimulus and weak HSBC Flash PMI data for China factory weighed on sentiment.

In late morning trade, the benchmark Hang Seng Index was down 2.5 per cent at 20,443.8 points, breaking below chart support at September lows at about 20,485. The China Enterprises Index of the top Chinese listings in Hong Kong dived 3.2 per cent.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1264897/hong-kong-shares-sink-9-month-low-fed-china-flash