Hong Kong stocks end lower

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HongKong111

Hong Kong - Hong Kong stocks fell 0.58 percent on Monday, tracking losses in Shanghai as mainland investors grow concerned that the restart of initial public offerings after more than a year will create a share glut.

The benchmark Hang Seng Index fell 133.13 points to 22,684.15 on turnover of HK$62.16 billion ($8.02 billion).

Chinese stocks closed down 1.80 percent.

The benchmark Shanghai Composite Index dropped 37.43 points to 2,045.71 on turnover of 72.9 billion yuan ($12 billion). - Sapa-AFP



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