HK stocks begin week on back foot
Hong Kong and Shanghai stocks suffered another round of selling on Monday after China's central bank cut interest rates less than expected. The Hang Seng Index sank 1.8 percent, or 327 points, to 17,623. The Shanghai Composite Index dropped 1.2 percent, or 38 points, to 3,092, while the Shenzhen Composite Index shed 1 percent, or 19 points, to 1,930. (AFP)