Fri, 23 Mar 2012 12:49:33 GMT
Hang Seng index gives up 1% on Agricultural Bank of China profit report
Hong Kong's Hang Seng index fell sharply on Friday as concerns about global recession returned after investors gathered European and Chinese PMI reports. Hang Seng index dropped 1.11% or 232.76 points and closed at 20,668.80. Shares of heavyweight Agricultural Bank of China negatively affected the overall performance of the index. The lender tumbled 3% after reporting a 14% decline in