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Hong Kong, Shanghai: Stocks dive in early trade, track global losses

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[HONG KONG] Shares tumbled more than two per cent in the first few minutes of trade in Hong Kong Monday, in line with a sharp global sell-off fuelled by worries over the global economy and Britain's future in the European Union.

The Hang Seng Index slipped 2.34 per cent, or 493.04 points, to 20,549.6.

And the benchmark Shanghai Composite Index fell 1.02 per cent, or 29.89 points, to 2,897.27 while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 1.38 per cent, or 26.55 points, to 1,892.07.