Shanghai, Hong Kong stocks resume falls after open

HONG KONG : Shares in Shanghai and Hong Kong resumed their downward spiral soon after opening on 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.

Agencies

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