The Hong Kong stock market tumbled on Monday, 27 July 2015, following the negative close of Wall Street on Friday and sharp pullback in Mainland China A-share bourses. The benchmark opened 221 points lower on tracking weak offshore lead an extended retreat of more than 800 points at one stage to an intra-day low of 24,282 following the decline of the A-share market, which registered the biggest single-day losses in more than 8.5 years. The Hang Seng Index ended down 776.55 points, or 3.09%, to finish at 24351.96 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, decreased 448.35 points, or 3.84%, to 11230.67 points. Turnover increased to HK$116.24 billion from HK$78.4 billion on Friday.
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