The Hong Kong stock market finished the session sharply lower on Monday, 3 May 2016, dragged by the weaker than expected China's manufacturing PMI data and amid worries about the ability of global central banks to boost growth through aggressive policy easing. The benchmark Hang Seng Index dropped 390.11 points, or 1.85%, to 20676.94 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, lost 190.77 points, or 2.13%, to 8748.70 points. Turnover increased to HK$77.5 billion from HK$60.4 billion on Friday. The local market closed on Monday for a public holiday.
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