Hong Kong shares extend losses, down over 4%

Hong Kong's Hang Seng Index slumped more than 4% in early Monday trade, with Ping An Insurance diving over 10% as financials and developers topped percentage losses, prodding the benchmark to its lowest since May 2009.

The Hang Seng Index was down 4.28% at 16,840.32 points at 9:15 am IST. The China Enteprise Index was down 4.69%.