Hang Seng index closes 2.6% lower on Monday

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Source: Dukascopy Bank
Hong Kong's Hang Seng tumbled along with other Asian indices on Monday after Francois Hollande the French Socialist was elected President and US hiring climbed less than predicted. Hang Seng index fell 2.61% or 549.35 points and finished at 20,536.65 showing the weakest performance since November 2011. Finance related stocks contributed most severely to the Hang Seng. Heavyweight HSBC Holdings fell 2.9% while China Life Insurance shed 4.2%. AIA Group posted a drop of 3.7%. Energy shares also became weaker amid falling oil prices. 

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Mon, 07 May 2012 14:45:32 GMT

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