Hong Kong stocks once slumped to a nearly three-year low on Thursday morning as the market was still suffering from the shock wave of falling oil prices.
Hang Seng Index opened 2.27 percent lower at 24,657.67 points on Thursday and then quickly slipped more than 4 percent to 24,117.94 points in the morning session, the weakest level since April 2017.
Hong Kong stocks tumbled this week amid lingering concerns about drops in crude oil prices and the possible impact on the global economy.
Heavyweights, including the aviation sector, were among the hardest hit on Thursday.
Major global markets performed bearish on Wednesday, with benchmark indices including the Dow Jones Industrial Average and FTSE 100 Index down sharply.
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