Fri, 10 Feb 2012 12:52:07 GMT
Hang Seng index plunges as officials suspend bailout fund
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