Hang Seng sinks 0.4% on Monday

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Source: Dukascopy Bank
Hong Kong's Hang Seng index dropped on Monday as the sharp surge in Spain's bond yields renewed investor concerns about European debt crisis. Hang Seng index fell 0.44% or 90.40 points and settled at 20,610.64 with bank and mining sectors posting most notable loss. Industrial & Commercial Bank of China slipped 0.8% after Goldman Sachs Group said it will sell 3.55 billion of ICBC shares valued at USD 2.5 billion or about 4% of total amount traded in Hong Kong. Angang Steel fell 2.8% and  Jiangxi Copper lost 0.9%.

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