Hang Seng dives, Shanghai dips
(03-18 10:10)
Stocks in Hong Kong fell 1.72 percent as news that Cyprus will tax bank customers' deposits under an EU bailout deal renewed fears of further problems in the European debt crisis. The benchmark Hang Seng Index was down 386.53 points at 22,146.58.
In Shanghai, stocks were down 0.55 percent in early trading after China appointed a new chief of its securities market regulator over the weekend, dealers said.
The benchmark Shanghai Composite Index fell 12.64 points to 2,265.76.
Bank of China chairman Xiao Gang would replace Guo Shuqing to head the China Securities Regulatory Commission, state media reported late Sunday.-AFP
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