Hong Kong stocks end 1.3pc lower

Hong Kong shares fell 1.32 per cent on Tuesday, losing all their gains for 2013 after elections in Italy failed to produce a winner, fuelling fears of gridlock that could spark a new crisis in the eurozone.

The benchmark Hang Seng Index slipped 300.39 points to 22,519.69 – below its December 31 close of 22,656 – on turnover of HK$67.96 billion.

In Italy results from Sunday’s election indicated there would be no clear winner, while the biggest gainer was a protest party run by a popular comedian.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1159109/hong-kong-stocks-end-13pc-lower