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Hong Kong Stocks Hit 10-Month Low on Evergrande Contagion Fears

  • Property sector leads declines in the Hang Seng Index
  • Macau casino stocks extend drop after Wednesday’s record slump
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WATCH: IGamiX’s Ben Lee says Macau’s gaming sector is still investable.Source: Bloomberg
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Hong Kong shares fell to their lowest since early November, as concerns over a major Chinese property developer’s debt woes and rising government scrutiny on Macau casino operators drove investors to sell. 

The Hang Seng Index closed 1.5% lower, taking declines into a fourth day, with the real estate sector leading the losses. Mainland developer Country Garden Holdings Co. and gaming stock Sands China Ltd. were among the worst performers in the gauge with a plunge of at least 7.2%.