The sell-off in Chinese stocks deepens as the Hong Kong index approaches a 19-year low


Chinese stocks in Hong Kong fell towards their lowest level in nearly two decades, as the absence of new economic stimulus and market support measures deepened investor pessimism.

Chinese Hang Seng companies index The index fell as much as 3.6% on Monday, approaching a level not seen since 2005, making it one of the worst-performing major indexes in Asia. Chinese technology giants, including Meituan and Tencent Holdings Ltd., have been among the biggest obstacles.

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