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Shanghai, Hong Kong: Stocks resume falls after open


[HONG KONG] Shares in Shanghai and Hong Kong resumed their downward spiral soon after opening 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 per cent to 3,131.85 - having dived almost 10 per cent last week - while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 2.25 per cent, or 44.48 points, to 1,934.24.

And Hong Kong's benchmark Hang Seng Index slipped 2.23 per cent, or 456.29 points, to 19,997.42.