Flags all over Hong Kong were lowered to half mast with the announcement of the death of the Chinese leader Mao Tse-Tung.
Flags all over Hong Kong were lowered to half mast with the announcement of the death of the Chinese leader Mao Tse-Tung. Buildings throughout the city hung out Chinese flags at half mast as a sign of respect for the deceased Chinese leader. The government ordered all public buildings to fly the British Flag at half mast.
The British flag above Government House was the first to be lowered. The United States Embassy followed and lowered all its flags. The United States Consulate General, Mr. Charles T. Cross, read a statement in Mandarin expressing his country's grief at the death of Chairman Hao. American ships from the United States Seventh Fleet in Hong Kong Harbour also dipped their flags.
As soon as the death of the Chinese leader was announced shares on all three Hong Kong Stock Markets plummeted. The city's economic barometer, the Hang Seng Index, dropped by mere than thirty points in less than two hours. Hectic selling pressure rocketed the turnover to more than 165 million Hong Kong Dollars, the highest turnover rate since February this year.
Newspapers issued special editions in both English and Chinese. These were quickly bought out and further editions had to be printed to supply the huge demand for information on the death of Chairman Mao. The huge banner headlines continued to be churned out from the Hong Kong printing machines for more than twenty four hours.
People flocked to temples throughout the colony to offer incense sticks and prayers in honour of the man many Chinese in Hong Kong regard as the greatest Chinese leader in history.