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Wednesday 29 October 2008
Hong Kong businessman kills himself after stock market losses
A Hong Kong restaurateur jumped to his death after telling his business partner that he had suffered huge losses on the city’s plummeting stock market, a report said Wednesday.
Hong Kong businessman kills himself after stock market losses
A Hong Kong restaurateur jumped to his death after telling his business partner that he had suffered huge losses on the city’s plummeting stock market, a report said Wednesday.
Leung Man-kong, aged 62, owned part of a firm that runs a string of restaurants. He leapt from the eighth floor of a housing block near his upscale apartment building on Tuesday morning, the South China Morning Post reported.
He was declared dead at the scene, the Post said.
His family had told police that Leung was under severe stress at work, while a business partner said the father-of-two had suffered heavy losses on the city’s stock market, the report said.
Hong Kong’s stock market has dropped more than 60 percent since its peak last October, on the back of a severe global economic slowdown.
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Hong Kong businessman kills himself after stock market losses
A Hong Kong restaurateur jumped to his death after telling his business partner that he had suffered huge losses on the city’s plummeting stock market, a report said Wednesday.
Leung Man-kong, aged 62, owned part of a firm that runs a string of restaurants. He leapt from the eighth floor of a housing block near his upscale apartment building on Tuesday morning, the South China Morning Post reported.
He was declared dead at the scene, the Post said.
His family had told police that Leung was under severe stress at work, while a business partner said the father-of-two had suffered heavy losses on the city’s stock market, the report said.
Hong Kong’s stock market has dropped more than 60 percent since its peak last October, on the back of a severe global economic slowdown.
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