Hong Kong stocks drop to 8-month low

Tencent and Galaxy Entertainment were amongst the biggest decliners.

Hong Kong stocks sank the most since November as profit taking in some of the city’s top performing shares sparked a wider selloff, according to Bloomberg.

"The Hang Seng Index dropped as much as 2.1 percent before paring declines to 1.5 percent at the close. Tencent Holdings Ltd., Galaxy Entertainment Group Ltd. and Geely Automobile Holdings Ltd. were the biggest losers on the gauge, sinking at least 3.5 percent. All but five stocks on the 50-member measure declined," added Bloomberg.

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