Hong Kong stocks decline again

An investor looks at the stock price monitor at a private securities company in Shanghai, China Monday, April 8, 2013. Asian stock markets were mostly lower Monday after a disappointing U.S. jobs report, although the Nikkei piled on more gains as the yen's dramatic fall boosted the country's powerhouse export sector. (AP Photo/Eugene Hoshiko)

An investor looks at the stock price monitor at a private securities company in Shanghai, China Monday, April 8, 2013. Asian stock markets were mostly lower Monday after a disappointing U.S. jobs report, although the Nikkei piled on more gains as the yen's dramatic fall boosted the country's powerhouse export sector. (AP Photo/Eugene Hoshiko)

Published Aug 24, 2015

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Hong Kong - Hong Kong stocks fell for the seventh day in a row, with key indexes slumping more than 5 percent on Monday amid global market turbulence and deepening worries about the Chinese economy.

The Hang Seng index fell 5.2 percent, to 21,251.57, while the China Enterprises Index lost 5.8 percent, to 9,602.29 points.

With the indexes breaking key technical support levels, some analysts say the market could fall further, citing China's economic slowdown, potential depreciation of the yuan, and signs of capital flight out of emerging markets.

Sentiment was soured also by the renewed tumble in mainland markets. China's main indexes both fell nearly 9 percent.

Investors sold shares across the board.

REUTERS

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