HK stocks fall 2 pct to 2012 low, erase year's gains


04/06/2012 12:29 AST  Reuters

Hong Kong shares fell to their lowest point for the year, tumbling 2 percent on Monday as weak U.S. data added to worries about Europe's deepening debt crisis and China's slowing economy, driving investors out of riskier assets.

The Hang Seng Index closed 2 percent lower at 18,185.59. The China Enterprises Index of top locally listed mainland firms fell 2.6 percent.

On the mainland, the Shanghai Composite fell 2.7 percent with losses accelerating in the afternoon session. The large-cap focused CSI300 finished down 2.8 percent.

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