China Stocks Sink in Hong Kong to Two-Year Low on Mainland Risks
China: What are the Global Concerns?
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China’s stocks slumped in Hong Kong to a two-year low amid speculation mainland shares will decline when trading resumes on Monday after holidays.
The Hang Seng China Enterprises Index lost 1.4 percent to 9,169.59 at the close as developer China Vanke Co. and bad-loan manager China Cinda Asset Management Co. led declines. The measure tumbled 6 percent this week to its lowest level since July 2013. Hong Kong financial markets were shut on Thursday for a holiday. The Hang Seng Index dropped 0.5 percent.