Reuters – By Clement Tan and Vikram Subhedar – May 31, 2012
HONG KONG, May 31 (Reuters) – Hong Kong shares ended their worst May in 14 years with a whimper on Thursday, as an escalating euro zone crisis and fears about China‘s economy threatens to wipe out the Hang Seng Index’s gains for the year.
Reuters/Andy Mueller
The Hang Seng Index slumped 11.7 percent in May, underperforming mainland Chinese markets for a second-straight month. The large cap-focused CSI300 Index rose 0.2 percent this month, while the Shanghai Composite Index slipped 1 percent.
“Markets are not yet in panic mode but sentiment is weak. I am seeing reduced interest in the equity markets from clients,” said Alan Lam, Julius Baer’s Greater China equity analyst.
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