Hang Seng returns back to downward trend

Note: This section contains information in English only.
Source: Marketwatch

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%.

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