Hang Seng declines on crude

Hong Kong's Hang Seng index fell on Monday, ahead of German vote on Greek rescue package amid increasing concerns about the effect of high crude prices on the global economic expansion. Hang Seng index fell 0.88% or 189.00 points and finished at 21,217.86. Cathay Pac Air and Esprit Holdings posted the biggest losses, declining 4.4% and 3% respectively. On the upside AIA rallied 3.5%. Giant lender HSBC Holdings Plc declined 1.2% on worst than expected profit report.