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HK Stock exchange plunges as Turkish financial crisis spreads to Asia

(13 Aug 2018) The Hong Kong stock market dipped 1.5 percent on Monday following other markets in Asia as Turkey 's economic crisis continues to worry the region. The Hang Seng index slipped 430 points closing at 27,936.57. The plunge in the Turkish Iira, which has dropped some 45 percent this year, has brought down other Asian currencies including the Chinese yuan and triggered market fears that money will flow out of Asia. Analysts expect that concern over Turkey's financial turmoil will spread to other emerging markets and that the Hang Seng index will continue to drop this week. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter:   / ap_archive   Facebook:   / aparchives   ​​ Instagram:   / apnews   You can license this story through AP Archive: http://www.aparchive.com/metadata/you...