Hong Kong stocks down 1.75pc by the break

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HONG KONG: Hong Kong stocks fell 1.75 percent on Wednesday morning after China cut the yuan against the dollar for a second day, fuelling concern about the health of the world’s number two economy.

The benchmark Hang Seng Index had lost 429.92 points to 24,068.29 by the break, on turnover of HK$ 51.19 billion (US$ 6.6 billion).