Around the World's Markets: HONG KONG

Wednesday 10 June 1998 23:02 BST

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Asian financial markets tumbled back into turmoil on Wednesday, casting a cloud over European bourses and sending investors heading for shelter in bonds.

Worries yen weakness could spark a devaluation of the Chinese yuan led to a massive speculative attack on the Hong Kong dollar and sparked a round of lows in equity markets. Hong Kong's Hang Seng plunged nearly 5 per cent to 7,979.37, its lowest level in more than three years. News analysis, page 19

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