Tags:
Journalism of Courage
The new week has not seen a positive change in fortunes on markets as the trend is still downward. Hong Kong shares closed 2.14 percent lower on Monday,as worries of more tightening measures in China to curb accelerating property prices and sovereign debt woes in the eurozone weighed on sentiment.
The benchmark Hang Seng Index ended down 430.23 points at 19,715.20. The China Enterprise Index of top locally listed mainland Chinese stocks fell 3.07 percent.
Export counters were among the hardest hit on concern that slower growth in Europe may hurt demand for Asian products.
Contract cell phone maker Foxconn International fell 8.3 percent and Europe-focused fashion retailer Esprit dropped 7.7 percent.
