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Battered From All Sides, Hong Kong Stocks Fall Into Bear Market

Sofia Horta E Costa
Battered From All Sides, Hong Kong Stocks Fall Into Bear Market

Welcome to Hong Kong, where just about every problem afflicting global equity investors has found a foothold. The Hang Seng Index’s 0.7 percent slide Tuesday tipped it into a bear market, extending its loss since a January peak to more than 20 percent. Already reeling from a selloff in Internet and tech firms as well as concerns over China’s slowing growth, Hong Kong is now caught in an emerging-market exodus first sparked by currency crises in Latin America and Turkey.

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