Chinese Stocks in Hong Kong Heading for Bear Market Territory
The Hang Seng China Enterprises Index (HSCEI) sank 3 percent to 9,666.03 as of 9:37 a.m. in Hong Kong, extending losses from a Feb. 1 high to 21 percent, exceeding the 20 percent threshold considered by some investors as defining a bear market. The Hang Seng Index slid 2.5 percent to 20,824.91.
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