Hong Kong stocks slump in late trade, as Hang Seng falls by more than 2%

Hong Kong stocks slumped in late trade on Monday, with the benchmark Hang Seng
HSI,
-2.30%
down over 2%, despite gains for other indexes in Asia including the Nikkei 225
NIK,
+1.23%.
Decliners included Country Garden Holdings
2007,
-7.25%,
which fell 7%, and Baidu
9888,
-3.77%,
which dropped 4%.