China Finance Investment Holdings takes sharp 83% dive

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Hong Kong-listed China Finance Investment Holdings fell 83 per cent in the space of 20 minutes in a sudden sell-off on Tuesday morning.

The company, which operates financial services and invests in seeds, fell as much as 85 percent during morning trading. The company’s shares are down 74 per cent at HK$0.03 a share.

Shares in the company had been trading steadily until around 10am.

The move comes after Huishan Dairy plunged as much as 90 per cent in one of the biggest-ever falls for the Hong Kong Stock Exchange.

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