Hong Kong: Stocks close more than 4 per cent down

[HONG KONG] Hong Kong stocks plunged on Monday as tuition firms were hammered by China's decision to reform the private-education sector by preventing them from making profits, while tech firms were also hit by a fresh crackdown on Tencent.

The Hang Seng Index tumbled 4.13 per cent, or 1,129.66 points, to 26,192.32.

The benchmark Shanghai Composite Index sank 2.34 per cent, or 82.96 points, to 3,467.44. The Shenzhen Composite Index on China's second exchange plunged 2.28 per cent, or 56.33 points, to 2,411.81.

AFP