Around the World's Markets: Hong Kong
THE HANG SENG index fell 239 points to 9,499.5, as fresh worries about a Chinese yuan devaluation drove interbank interest rates higher.
Banks suffered as the interbank rate rose to 7.52 per cent from 6.77 per cent on Friday, with HSBC Holdings slumping 2.3 per cent and Hang Seng Bank dropping 4.4 per cent. Property stocks also fared badly. However, the China-affiliated "red chip" index ended only 0.45 points off at 687.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies