Shanghai, Hong Kong stocks resume falls after open
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.
And Hong Kong’s benchmark Hang Seng Index slipped 2.23 percent, or 456.29 points, to 19,997.42.
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