Hong Kong - Hong Kong shares lost more than 2 per cent Thursday on the back of overnight losses on Wall Street, higher oil prices and a slump in the value of mainland China stocks.

The Hang Seng Index dipped below the 23,000 mark to close down 528.19 points, or 2.26 per cent, at 22,797.61 points. Turnover was 59 billion Hong Kong dollars (7.55 billion US dollars).

Market sentiment in Hong Kong was hammered by downbeat news on US shares and oil prices, analysts said, as well as by a 6.5 per cent slump Thursday in the value of mainland China stocks. (dpa)