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Hong Kong: Stocks sink 2.02%


[HONG KONG] Hong Kong shares fell 2.02 per cent on Monday, with China's clampdown on margin trading overshadowing its latest economic stimulus measure - a big cut in the percentage of cash which banks must hold in reserve.

The benchmark Hang Seng Index fell 558.19 points to 27,094.93. Turnover was HK$211.01 billion (S$36.6 billion).

In mainland China, the benchmark Shanghai Composite Index fell 1.64 per cent, or 70.22 points, to 4,217.08.