HONG KONG, Sept 1 (Reuters) - Hong Kong shares started the new month on a weak note, falling 1.6 percent in wafer-thin volumes on Monday, as lingering worries over slowing corporate profitability sparked further selling of blue-chip stocks.
Shares in Chinese PC maker Lenovo Group <0992.HK> tumbled to their lowest level in more than five months after Dell <DELL.O> warned that companies worldwide were cutting technology spending.
The benchmark Hang Seng Index <.HSI> unofficially closed down 348.10 points at 20,913.79.
The China Enterprises Index <.HSCE> of top locally listed mainland Chinese firms fell 1.9 percent, tracking the 3 percent drop on the Shanghai bourse.
(Reporting by Parvathy Ullatil; Editing by Jonathan Hopfner) . lw COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
Shares in Chinese PC maker Lenovo Group <0992.HK> tumbled to their lowest level in more than five months after Dell <DELL.O> warned that companies worldwide were cutting technology spending.
The benchmark Hang Seng Index <.HSI> unofficially closed down 348.10 points at 20,913.79.
The China Enterprises Index <.HSCE> of top locally listed mainland Chinese firms fell 1.9 percent, tracking the 3 percent drop on the Shanghai bourse.
(Reporting by Parvathy Ullatil; Editing by Jonathan Hopfner) . lw COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
© 2008 AFX News
