Hong Kong Market stumbles 3.36%

The Hong Kong stock market fell back sharply on Monday, 12 September 2016, dragged down by a plunge in U.S. equities late last week amid growing speculation about an interest rate hike by the U.S. Federal Reserve, possibly next week, following remarks by a senior Fed official. The benchmark Hang Seng Index stumbled 809.10 points, or 3.36%, to 23290.60 points. The Hang Seng China Enterprises Index, a benchmark measure of performance of mainland China enterprises, slipped 403.89 points, or 4.02%, to 9654.08. Turnover decreased to HK$94.6 billion from HK$116.8 billion on Friday.

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