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On Monday Hong Kong's Hang Seng Index fell
1.44% and closed at 18,225.85 or 265.38 points down compared to Friday.
Mining companies added negatively to index: oil producer Cnooc Ltd lost 3%
while China Coal Energy Co gave up 4.9%. Hong Kong property companies also
suffered a decline and depressed the index. China Resources Land Ltd. dropped 4.5%,
Hang Lung Properties Ltd decreased 5%, while Agile Property Holdings Ltd. tumbled
5.1%. Analysts suggest enduring uncertainty in Europe is enhancing investors' speculations
on worst-outcome scenarios.