(ANSA) - BEIJING, OCTOBER 24 - The Hong Kong stock exchange has collapsed more than a decade after the announcement of the new leaders of the Chinese Communist Party, with President XiJinping who has snatched an unprecedented third mandate at the helm of the CPC: the Hang Seng index, on heightened fears that economic growth could be sacrificed in favor of political ideology, dropped 6.36% to 15,180.69 points.
Heavy losses, over 10%, even for hi-tech giants such as Alibabae Tencent.
(HANDLE).