HONG KONG: Hong Kong shares sank on Monday following recent gains as hopes faded for a big cut in Federal Reserve interest rates.
The Hang Seng Index fell 1.37 percent, or 394.14 points to 28,371.26.
The benchmark Shanghai Composite Index lost 1.27 percent, or 37.23 points, to 2,886.97, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, closed 1.78 percent, or 27.84 points, down at 1,532.43.
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