Hong Kong stocks closed lower on Monday, as fears of prolonged lockdowns in some European countries dampened recovery hopes while a plunge in the Turkish lira also hit investor sentiment. The Hang Seng index fell 0.4%, to 28,885.34, while the China Enterprises Index gained 0.2%, to 11,306.71. Analysts remain optimistic about Hong Kong stocks going ahead, citing low valuations. The yuan was quoted at 6.51 per U.S. dollar at 0829 GMT, flat compared to the previous close of 6.5097. At close, China's A-shares were trading at a premium of 33.46% over Hong Kong-listed H-shares.

Source: Hindustan Times March 22, 2021 10:21 UTC