HONG KONG (Nikkei Markets) -- Hong Kong stocks fell on Monday for a third straight day, as Asian equities suffered broad declines in the wake of a Wall Street sell-off on Friday. But the benchmark equity index recovered more than half its losses from the day's lowest point, helped by inflows from China.
The Hang Seng Index ended the day 1.1%, or roughly 357 points, lower at 32,245.22, after sliding nearly 900 points at one point during the day. More than 80% of the index's 51 members closed in the red. Chinese investors made net purchases of more than 10 billion yuan ($1.59 billion) in the city over the trading links with the Shanghai and Shenzhen stock exchanges. Total southbound transactions over the links exceeded 28 billion yuan on Monday, out of turnover of nearly 170 billion Hong Kong dollars ($21.74 billion) on the Hong Kong exchange's main board.
