Hong Kong's benchmark Hang Seng Index closed 20% lower from its most recent high on Friday.
That puts it in bear market territory, with investors growing cautious on Chinese investments.
China's economy is facing a troubled property market, deflation, and weak trade.
Growing concerns around China's ailing economy have made investors more cautious around Chinese investments, and the index has declined 5.9% since last Friday.
Most notably, however, is the unstable property market, which just saw Evergrande file for Chapter 15 bankruptcy, as well as two missed payments from developer Country Garden Holdings.
Persons:
Dow
Organizations:
Service, Hong, HSBC, Bloomberg, Traders, Country Garden Holdings, Zhongrong, Nasdaq
Locations:
Wall, Silicon, Beijing