Thursday, October 9, 2008

Customers are trying to get their money out of bank branches

Riots in Hong Kong after heavy stock losses

There have been riots on the streets of Hong Kong following heavy losses at the city's Hang Seng index. The Hang Seng closed over 8% lower with losses in banks, communications companies and exploration companies. Customers are trying to get their money out of bank branches and many are protesting about losses related to the collapse of Lehman Brothers.

Posted by malct @ 10:25 AM (569 views)
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7 thoughts on “Customers are trying to get their money out of bank branches

  • Malct – the Hang Seng closed UP 3.15%. When were these riots and when was this RTE news article written? Please keep things current.

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  • 22 hours ago apparently.
    http://news.google.co.uk/news?hl=en&q=hong%20kong%20riots&um=1&ie=UTF-8&sa=N&tab=wn
    But no other paper is reporting it, and it seems strange that only an irish paper would cover something in Hong Kong. Perhaps they confused it with Thailand where there are problems at the moment?

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  • bystander – today’s papers tell us what happened yesterday

    RTE is Irish and get their stuff from

    Wire services provided by Reuters, APTN and PA

    this event happened yesterday, don’t see the problem

    did you know this had happened?

    I have relatives in Hong Kong just now.

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  • I think thats a very interesting post and a sign of things to come.

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  • @malct – I was unaware of this – good valid post IMO

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  • So now if it’s more than an hour ago it doesn’t count……. Interesting!

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  • still renting says:

    It doesn’t seem to be mentioned in any other news, and the guys in our Hong Kong office don’t seem to think anything happened, so it looks like RTE maybe guilty of a little exageration in this case.

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