Hong Kong stocks end sharply lower

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Pedestrians walk past a stock market display board showing the losses at Hang Seng Index results in Hong Kong.
Pedestrians walk past a stock market display board showing the losses at Hang Seng Index results in Hong Kong.
Photo by Budrul Chukrut

Hong Kong shares closed with big losses Monday, extending last week's losses as concerns about high valuations and inflation trumped optimism over the rollout of vaccines.

The Hang Seng Index shed 1.06%, or 324.90 points, to 30 319.83.

The benchmark Shanghai Composite Index shed 1.45%, or 53.72 points, to 3 642.44, while the Shenzhen Composite Index on China's second exchange dropped 2.11%, or 51.99 points, to 2 416.67.

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