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HONG KONG: A series of shares listed on the Hong Kong Stock Exchange has plunged into the afternoon business without warning, in the latest shock to investors losing their leadership on the world's fourth-largest stock market.
Jiayuan International Group Ltd., Sunshine 100 China Holdings Ltd. and Rentian Technology Holdings Ltd. fell by more than 75% in the space of a few minutes and at least 10 companies lost 20% at the close, wrecking $ 37.4 billion ($ 4.8 billion) in market value. Most of this money comes from Jiayuan, which lost 26.3 billion HK dollars in record volume.
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