Hong Kong shares hit by mainland rout

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 May 28, 2015

Share

Hong Kong - Hong Kong stocks suffered their biggest one-day decline since December on Thursday, as panic in a slumping mainland market rippled across the border.

The Hang Seng index fell 2.2 percent, to 27,454.31, the biggest fall since December 9.

The China Enterprises Index lost 3.5 percent, to 14,183.00 points.

China stocks had their biggest fall in four months, after several major brokerages tightened requirements on margin financing, triggering fears of further measures by regulators to reduce leverage in the red-hot market.

The fear spilled into Hong Kong, where nearly all sectors, including energy, materials, consumer goods and financials fell more than 2 percent.

Reuters

Related Topics: