Hong Kong Stocks Post Largest Loss Since March
Hong Kong's benchmark Hang Seng Index closed down 2.6% at 23972.29, its steepest daily percentage decline since March, influenced by a sell-off in financial stocks. HSBC Holdings fell 5.4% amid concerns over potential UK tax increases on the banking sector.
Hong Kong stocks finished lower, with financial shares under pressure. 29, its biggest daily percentage decline since March. K. could raise taxes on the banking industry.
Analysts said tha…