Hang Seng dives 493 points

Business | 16 Apr 2018 4:20 pm

Stocks in Hong Kong retreated for a third straight day on Monday amid concerns about weakened local currency.

The benchmark Hang Seng Index tumbled 1.60 percent, or 492.79 points, at 30,315.59 while the Hang Seng China Enterprises Index, which tracks Hong Kong-listed Chinese companies, tanked 2.06 percent, or 253.10 points, to close at 12,008.13.

Turnover on the main board amounted to HK$107.64 billion.

In the mainland, stocks retreated ahead of the release of Chinese GDP data on Tuesday. The benchmark Shanghai Composite Index skidded 1.53 percent, or 48.40 points, at 3,110.65 while the Shenzhen Composite Index slid 0.52 percent, or 9.61 points, at1,824.77.

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