Hong Kong stock market declined to eight month low on Monday, 17 August 2015, on concerns China's devaluation of the yuan could hurt local companies. Selloff momentum accelerated after reports indicated foreigners were withdrawing funds amid concern about the weaker outlook for the yuan and Chinese economic growth. The Hang Seng Index ended down 176.38 points, or 0.74%, at 23814.65 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, lost 97.82 points, or 0.88%, to 10962.24 points. Turnover increased to HK$65.8 billion from HK$64.2 billion on last Friday.
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