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Hang Seng Index expected to fall further Listen
The Executive Director of Research at Kingston Financial Group, Dickie Wong, says the Hang Seng Index could test the 18,000-point level this month after it plunged on Thursday. The index ended the day nearly four percent or 742 points down at 18,545 – the lowest level since June 2012. It has so far lost about 15 percent this year. Wong tells Annemarie Evans that although there might be a small rebound next week, investor sentiment is still very weak.
New commercial buildings in Admiralty would worsen traffic in the area Listen
The Central and Western Concern Group has warned the government that traffic would be seriously affected in Admiralty if it goes ahead with its plan to allow the construction of two new commercial buildings in the area. It also says the buildings would create a "wall effect" and adversely impact air circulation. The group’s Convenor, Katty Law, tells Jim Gould that they have urged the Town Planning Board to reject the plan.
South Korea withdraws nationals from industrial park Listen
South Korea has started withdrawing its nationals from an industrial park in North Korea, which has been jointly run by the two countries. On Wednesday, Seoul announced it was stopping operations in the Kaesong complex in response to North Korea recently carrying out a nuclear test and firing a long-range missile. RTHK’s Seoul correspondent, Frank Smith, tells Annemarie Evans that the move by South Korea indicates that relations between the two countries have hit the bottom.