Hong Kong Markets tumbles to two-month low

Headline equities of the Hong Kong stock market declined for sixth consecutive session, dragging the benchmark Hang Seng Index down 99.15 points, or 0.45%, to 21704.61 points, a lowest level since October 2, 2015, when the benchmark's closed at 21506.09 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, declined 108.27 points, or 1.13%, to 9450.49 points. Turnover increased to HK$68.90 billion from HK$65.99 billion on Wednesday. The risk aversion selloff followed a sell-off on Wall Street overnight that saw all three indexes end in the red. The falls in city bourses sustained amid weaker global risk sentiment on the back of the crude concerns and as additional ECB stimulus measures announced fell short of some forecasts. Also, sentiments hit by concern the Chinese government's efforts to make domestic consumption and services a bigger part of the economy won't be fast enough to offset sluggish demand for industrial goods and commodities.

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