Hong Kong share prices closed 8.3 percent down to its lowest level in four years, as investors dumped their stocks in panic over fears of a global recession, dealers said.

The benchmark Hang Seng Index plunged 1,142.11 points to 12,618.38. Turnover was HK$56.14 billion.


Heavyweight HSBC Holdings (0005) nosedived 12.52 percent.