Hang Seng index plunges as officials suspend bailout fund

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Source: Dukascopy Bank
Hong Kong's Hang Seng index tumbled on Friday, weighted down by latest developments in Greece, as European officials decided to suspend a bailout funding until Greece will not ratify its austerity plan. Hang Seng lost 1.08% or 226.15 points and closed at 20,783.86 with financial stocks providing most negative pressure. Agricultural Bank of China Ltd. fell 3.4%, Bank of Communications Co. plunged 5.1% and Ping An Insurance Group Co. edged down 2%. 

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