Hong Kong stocks close down more than five percent

Hong Kong (AFP) – Hong Kong stocks plunged more than five percent on Tuesday, one of the worst performances on a painful day for Asian markets after a record-breaking collapse on Wall Street.

The Hang Seng Index dived 5.12 percent, or 1,649.80 points, to end at 30,595.42 — its biggest fall since the China-fuelled sell-off in summer 2015.