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Hong Kong stocks fall for 7th day, down more than 5%
by Cals Mon 24 Aug 2015, 23:25
Hong Kong stocks fall for 7th day, down more than 5%
(Aug 24): Hong Kong stocks fell for the seventh day in a row, with key indexes slumping more than 5 percent on Monday amid global market turbulence and deepening worries about the Chinese economy.
The Hang Seng index fell 5.2%, to 21,251.57, while the China Enterprises Index lost 5.8%, to 9,602.29 points.
With the indexes breaking key technical support levels, some analysts say the market could fall further, citing China's economic slowdown, potential depreciation of the yuan, and signs of capital flight out of emerging markets.
Sentiment was soured also by the renewed tumble in mainland markets. China's main indexes both fell nearly 9%.
Investors sold shares across the board.
(Aug 24): Hong Kong stocks fell for the seventh day in a row, with key indexes slumping more than 5 percent on Monday amid global market turbulence and deepening worries about the Chinese economy.
The Hang Seng index fell 5.2%, to 21,251.57, while the China Enterprises Index lost 5.8%, to 9,602.29 points.
With the indexes breaking key technical support levels, some analysts say the market could fall further, citing China's economic slowdown, potential depreciation of the yuan, and signs of capital flight out of emerging markets.
Sentiment was soured also by the renewed tumble in mainland markets. China's main indexes both fell nearly 9%.
Investors sold shares across the board.
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