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Shanghai, Hong Kong stocks resume falls after open

/ 10:34 AM January 11, 2016
An investor looks at the stock price monitor at a private securities company Monday, Nov. 25, 2013, in Shanghai, China. Asian markets were mixed on Tuesday following a muted lead from Wall Street.  AP PHOTO

An investor looks at the stock price monitor at a private securities company in Shanghai, China. Shares in Shanghai and Hong Kong continued their downward spiral Monday. AP FILE PHOTO

HONG KONG, China — Shares in Shanghai and Hong Kong resumed their downward spiral soon after opening Monday after concerns over China’s economy hammered global markets last week, and overshadowed a strong US jobs report.

The benchmark Shanghai Composite Index dropped 1.71 percent to 3,131.85 — having dived almost 10 percent last week — while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, lost 2.25 percent, or 44.48 points, to 1,934.24.

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And Hong Kong’s benchmark Hang Seng Index slipped 2.23 percent, or 456.29 points, to 19,997.42.

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