Markets

Hong Kong, Shanghai start week with losses

Published January 16, 2017 Updated January 16, 2017 08:52am

1 min

By Parvez Jabri

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HONG KONG: Shares in Hong Kong tumbled Monday following last week's rally, while mainland Chinese markets were hit by worries about a rise in fresh listings that could absorb investors' cash.

Hong Kong's Hang Seng Index shed 0.96 percent, or 219.23 points, to close at 22,718.15.

The benchmark Shanghai Composite Index lost 0.30 percent, or 9.33 points, to close at 3,103.43. The Shenzhen Composite Index, which tracks stocks on China's second exchange, plunged 3.62 percent, or 69.59 points, to 1,851.41.

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