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HONG KONG STOCKS SUFFER THEIR BIGGEST LOSS EVER AS INTEREST RATES SOAR, 1997-10-22 (photo)

IMAGE number
REU8095226
Image title
HONG KONG STOCKS SUFFER THEIR BIGGEST LOSS EVER AS INTEREST RATES SOAR, 1997-10-22 (photo)
Auto-translated text View Original Source
Photographer
Larry Chan
Medium
photograph
Date
1997 AD
Shooting Date
1997-10-22
Image description

Hong Kong stock traders look glum as the market suffers its biggest decline ever October 23. The Hang Seng Index plunged 1,088.3 points, or 9.35 percent, to 10,549.47 by midday following a surge in Hong Kong interest rates that took overnight rates to almost 300 percent. HONGKONG STOCKS

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REUTERS/Larry Chan / Bridgeman Images
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