Hong Kong: Stocks hit as trade optimism fades

[HONG KONG] Hong Kong stocks sank more than two per cent Monday as profit-takers moved in after last week's rally, while Donald Trump's top economics advisor poured cold water on hopes for a quick end to the China-US trade row.

The Hang Seng Index fell 2.08 per cent, or 551.96 points, to 25,934.39.

The benchmark Shanghai Composite Index lost 0.41 per cent, or 11.05 points, to 2,665.43, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, was barely moved, inching down 0.09 points to 1,351.00.

AFP