Hong Kong stocks touched a 3-month low on Wednesday, losing early gains to tumble over 2 percent as investors fled risky assets as Republican Donald Trump claimed a shock victory in the US presidential election. The Hang Seng index fell 2.2 percent, to 22,415.19, while the Hong Kong China Enterprises Index lost 2.9 percent, to 9,378.66 points.
Reflecting rising investor anxiety, the HSI Volatility Index, a measure of market stress, shot to a fresh high of nearly 26 at one point, the highest level since the Brexit vote in June. Shares fell across the board in Hong Kong while sovereign bonds and gold rallied, as investors dumped stocks and sought safe haven assets.
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