Index sticks to post-record slide

THE Hang Seng Index continued its steady downward slide yesterday, dropping 62.1 points to 7,265.58 in the wake of disappointing results from Cathay Pacific and concern about the crackdown on residential property speculation.

It was the fourth straight daily decline after the index hit a record 7,605.26 last Thursday. The index has lost 339.68 points, 4.5 per cent, since then.

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