Hong Kong stocks drop 1.68%

Hong Kong share market closed at lowest level in a month after reversing early gains on Monday, 23 June 2014, on risk aversion selloff across the board, with shares of phone companies and developers leading retreat. The benchmark Hang Seng Index closed 1.68% down from prior day closure at 22804.81. Trading turnover increased to HK$58 billion from yesterday's HK$51.02 billion.

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