Monday, 31 August 2015 12:23
HONG KONG: Chinese stocks turned negative again Monday after a two-day rally while Hong Kong also retreated as fresh volatility gripped markets while the vice chairman of the Federal Reserve hinted a September US rate hike was still on the table.
In Shanghai the composite index lost 2.61 percent, or 84.27 points, to 3,148.08. It fell as much as 3.43 percent intraday.
The Shenzhen Composite Index, which tracks stocks on China’s second exchange, gave up 2.25 percent, or 41.61 points, to 1,805.22.
Hong Kong’s benchmark Hang Seng Index eased 0.77 percent, or 165.95 points to 21,446.44.
