HONG KONG: Hong Kong stocks sank 1.49 percent by the break Friday as Greece’s debt reform talks go down to the wire and as mainland markets dived on concerns about high valuations with margin traders closing positions.
The Hang Seng Index slipped 404.79 points to 26,740.96 on turnover of HK$68.06 billion (US$8.78 billion).
The benchmark Shanghai Composite Index slumped 4.06 percent, or 183.72 points, to 4,344.06.
The Shenzhen Composite Index, which tracks stocks on China’s second exchange, plunged 6.19 percent, or 168.06 points, to 2,548.65.