Hong Kong Stock Market Plunges After Xi’s Power Grab

A day after China’s Xi Jinping revealed his new leadership team in China, Hong Kong markets are tanking. Chinese President Xi Jinping’s power grab has spooked investors and sparked a huge sell-off in Hong Kong. The Hang Seng China Enterprises Index, which measures Chinese stocks listed in Hong Kong, sank 6.4 per cent on Monday - the worst plunge after a Chinese Communist Party congress since 1994. NDTV’s Parmeshwar Bawa reports. About NDTV (English news channel): NDTV is India’s Most-Trusted News Broadcaster with the latest updates in news, sports, entertainment and much more from within India and around the world. Watch big political debates, exclusive entertainment interviews, news bulletins, current affairs, talk shows and tech reviews with our 24x7 news live streams, packed with credible information across all platforms: TV, Internet and Mobile. Subscribe to our channel to get latest news updates. Follow us on Social Media: Like us on Facebook: https: