Hong Kong’s shares fell 1.48 per cent on Monday, in line with regional bourses as the eurozone debt crisis stoked further selling pressure after last week’s heavy losses.
The benchmark Hang Seng Index shed 261.03 points to end at 17,407.80 on turnover of $HK79.18 billion ($A10.37 billion) on Monday. The index at one point fell to 16,999.54, the first time it has been below 17,000 since May 2009.
A statement last week from G20 finance ministers promising strong action to protect the global economy was unable to improve weak sentiment amid fears that leaders are out of ideas and Greece will almost certainly default on it debts.
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