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Nikkei Markets

Hong Kong stocks see worst day in two years as oil sinks

CNOOC and PetroChina lead losses after Brent futures slide as much as 31%

HONG KONG (Nikkei Markets) -- Hong Kong stocks were slammed alongside global markets on Monday as crude oil plunged on fears of a price war, adding to worries over the spread of the new coronavirus.

The Hang Seng Index tumbled 4.2% to 25,040.46, its biggest single-day drop since Feb. 6, 2018 and its lowest close since Oct. 31, 2018. It briefly dropped below the psychologically important 25,000-point level before recovering.

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