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Sell-off of Chinese stocks

China shares on the Hong Kong Stock Exchange experienced a brutal crash on Monday. The stock market index, the Hang Seng China Enterprises Index, closed down 7.2 percent below the previous day’s value. This is the biggest drop since the 2008 crisis. The index includes share certificates of mainland Chinese companies listed in Hong Kong. The Hang Seng Tech Index also plunged by 11 percent.

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