China, Hong Kong at Multi Week Lows; Banks Oil Fall

Shares in Hong Kong and China finished at mult-week lows on 29/10/09 with Chinese banks hit by worries about a possible interest rate rise in the mainland, while Nine Dragons Paper slumped on its plan to issue new shares.

China's key stock index dropped 2.34%, weighed down by banking stocks amid worries over a possible exit from the governmnet's loose monetary policy after Norway's interest rate increase. The benchmark Hang Seng index slid 2.28% or 496.59 points to 21.264, its lowest in more than three weeks.