Hong Kong's Financial Secretary, John Tsang, has urged investors to exercise prudence after the Hang Seng Index plunged to 21,757 on Tuesday, down 2,061 points on the previous close and with a turnover of USD156 billion.
Mr Tsang explained that the fall was caused by external factors, adding that all transactions had been conducted in an orderly manner.
Noting that Hong Kong's market has sound fundamentals, he announced that the Government will closely monitor developments, and co-ordinate with intermediaries and regulatory organisations.
He also urged investors to assess their risk-taking capability before making investment decisions.
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