May 16, 2012 (Chinavestor) News that Greece will have new elections with uncertain outcome weighted on markets globally. The Shanghai Composite Index (SHA:000001) fell 28.7 points or 1.2% while the most western oriented Hang Seng Index (INDEXHANGSENG:.HSI) plunged 634.5 points or 3.3%.
the decline was universal among industry leader Chinese stocks, each and every components of the 25 member Xinhua China 25 Index fell. Except for China Eastern Airlines (HKG:0670) and China Southern Airlines (HKG:1055), all components of the 42 member Hang Seng Index fell. For big movers of the indices, visit the chart below.