H shares plummet 12%

HONG KONG: The global stock market crash may be an opportunity for Hong Kong investors to snap up cheap stocks, market watchers say, as most expect panic selling to ease in the coming weeks.

Succumbing to the global market tumble sparked by heightened worries a US recession may spread to Asian economies, the Hang Seng Index shed 8.65 percent yesterday. H shares were the hardest hit, plummeting 12 percent - the largest single day drop in 10 years.