On Friday Hong Kong's Hang Seng Index
extended its losses, giving up 1.29% or 231.09 points and closing at 17,704.01
as Angela Merkel rejected issuance of Eurobonds fuelling investors' fears about
deepening debt crisis. Banking, energy and real estate shares led the decline
in index. Bank of Communications Ltd fell 1.8%, China Merchants Bank Ltd
dropped 2.6%, while China Resources Land Ltd. gave up 4.3%. Crude oil producer Cnooc
Ltd declined 2.2%.