Shares in Hong Kong closed at its lowest level in more than four months on Wednesday, more signs of severe depression status of the loan made in China rekindled fears of tighter monetary policy.
The news stirred attracted investor nervousness about a tightening of monetary policy in China, stock markets last week.
The index Hang Seng. HSI closed down 0.38 percent or 76.26 points at 20,033.07, saving gain of 0.54 percent at midday on a wave of short covering.
ICBC (1398.HK) closed up 0.18 per cent to $ 5.62 in Hong Kong. Bank of China (3988.HK) has fallen to 0.27 per cent 3,67 HKD and China Construction Bank (0939.HK) lost 0.17 percent to HK $ 5.94.
The meters also hammered property. Hang Lung Properties (0101.HK) fell 4.32 percent to $ 26.60 in Hong Kong and New World Development (0017.HK) has declined 2.09 percent to $ 13.14 in Hong Kong.
For the sixth consecutive drop in the Hang Seng Index also have the biggest losing streak since January 13, 2009. During the last hour of trading, the index was below the level of 20,000, the level of technical support, which has not been violated in more than four months.
The Hang Seng 14 Relative Strength Index fell 26.01, below the level of 30 indicates that it is oversold assets in May.
The China Enterprises Index of top locally listed mainland Chinese shares closed 0.33 percent to 11,372.69.
Market turnover fell to HKD 73,24 billion (9.42 billion dollars) on Tuesday in Hong Kong 77.38 billion U.S. dollars.
Money is one of Hong Kong. This is something we should consider, because it sends a negative message, said Jackson Wong, investment manager at Tanrich Securities.
Equity Fund, which loans dollar and the yen at low interest rates to a greater risk of Asian investment, carry trades have been asked to continue the course of their positions, such as strengthening the two currencies, said Kwong.
The Hong Kong dollar consolidates after slipping in the offshore market is 7.7765 per dollar, its lowest level in 16 months.
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The main index of Chinese shares slipped 1.09 percent three months of closing small decline in sales, with weaker banks on concerns of slowdown in the opening match of the credit rather than earnings estimates for two major lenders.
The Shanghai Composite Index. SSEC ended at 2986.607 points, closing to 30 below a key psychological support at 3,000 points for the first time since October 2009.
The index has more than 8 per cent over the last six sessions, concerns mounted over the enhanced liquidity and market share increased supplies store.
Apart from the loss of Shanghai were more winners 619 to 255, while turnover fell by one month low of 90 billion yuan (13.18 billion U.S. dollars) from 109 billion yuan on Tuesday.
The feeling is burdened with debt from the banks, the border, said Li Wenhui, a senior analyst at Huatai Securities in Nanjing.
Merchants Bank (600036.SS) fell 4.04 percent to 15.44 yuan, while China Construction Bank (601939.SS) fell 3.08 percent to 5.66 yuan.
The 14 day Relative Strength Index is at 32 percent, almost oversold level, which suggested to some analysts, the index, said it may be able to find support around 3000 points.
The real estate sector was mixed, with Shanghai real estate sub-index. SSEP losing 0.42 percentage points at 4055.864 after the end of 4.63 percent on Tuesday. Sector heavyweight China Vanke (000002.SZ) rose 0.76 percent to 9.29 yuan.