Hong Kong Dollar, Stocks Slide Amid Protest Crackdown

September 29, 2014 2:04 AM

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Hong Kong Dollar, Stocks Slide Amid Protest Crackdown

Hong Kong’s stocks fell to a two-month low, its currency dropped and equity-market volatility surged amid the biggest police crackdown on protesters since the city returned to Chinese rule.

The benchmark Hang Seng Index sank 1.3 percent as of 9:50 a.m. in Hong Kong to the lowest intraday level since July 18 as developers and retailers tumbled. The MSCI Hong Kong Index headed for its biggest drop in a year, while a gauge of stock volatility jumped 15 percent, poised for the steepest sur...

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