Hong Kong stocks down 2.6%

The Hong Kong stock market closed sharply lower on Monday, 29 June 2015, in tandem with a global sell-off on fears Greece will default on a debt repayment and crash out of the eurozone. Investor sentiment was also hurt by the continued sell-off in mainland markets, despite fresh government easing moves announced over the weekend. The benchmark index opened 103 points lower and saw its losses widen to 1,046 points in afternoon session. The Hang Seng Index dropped 696.89 points or 2.61% to finish at 25966.98, off an intra-day high of 26631.51 and day low of 25617.78. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, declined 393.53 points, or 3%, to 12694.66 points. Turnover increased to HK$186.13billion from HK$151.3 billion on Friday.

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