Hong Kong stocks sell off on Brexit fears, again

Hong Kong stocks fell to a one-week low, joining a global selloff spurred by renewed concern that Britain's exit from the European Union will weigh on world economic growth.

The Hang Seng Index dropped 1.2 percent at the close in Hong Kong, with London-based lender HSBC Holdings Plc among the biggest drags on the benchmark.

Bank of England chief Mark Carney warned that risks from the Brexit vote had started to crystallize, while the monetary authority took steps to spur lending by reducing capital requirements for banks. The Shanghai Composite Index rose, closing above the 3,000 level for a second day, as Kweichow Moutai Co helped push the gauge higher.