AFP, Hong Kong :
Shanghai and Hong Kong stocks sank in early trade Monday, picking up where they left off last week as energy firms were hit by another fall in oil prices after export sanctions against crude producer Iran were lifted.
The benchmark Shanghai Composite Index dropped 1.84 percent, or 53.43 points, to 2,847.54, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, fell 2.04 percent, or 36.64 points, to 1,759.49. And in Hong Kong, the Hang Seng Index fell 1.20 percent, or 233.39 points, to 19,287.38.
Shanghai and Hong Kong stocks sank in early trade Monday, picking up where they left off last week as energy firms were hit by another fall in oil prices after export sanctions against crude producer Iran were lifted.
The benchmark Shanghai Composite Index dropped 1.84 percent, or 53.43 points, to 2,847.54, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, fell 2.04 percent, or 36.64 points, to 1,759.49. And in Hong Kong, the Hang Seng Index fell 1.20 percent, or 233.39 points, to 19,287.38.
