Two-Minute Tumble Shows Hong Kong Stock Market Jitters: Chart

Hong Kong stock traders were jolted Monday afternoon by a two-minute plunge in the Hang Seng China Enterprises Index amid surging volume in futures tied to the gauge. More than 11,900 May contracts on the index changed hands in those two minutes, data compiled by Bloomberg show. For Andrew Sullivan, managing director for sales trading at Haitong International Securities Group in Hong Kong, the tumble showed that investors are on edge amid a lack of clarity on what is happening in China.

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