Hong Kong shares drop to 2013 low

<p>A new low for the year has been set by Hong Kong shares.</p>

Hong Kong shares dropped to a three-and-a-half month low in thin trade yesterday (March 19th).

The Hang Seng Index slipped 0.2 per cent and closed as its lowest point since the start of December 2012.

According to a report by Reuters, there was a failing at chart resistance seen at around 22,185.

But it wasn't all bad news for Asian stocks yesterday, as the CSI300 of the leading Shanghai and Shenzhen A-share listings climbed close to one per cent from Monday's two-month low.

The Shanghai Composite Index was also up by 0.8 per cent from its lowest close since the end of last year which was set on Monday.

Chinese power producers have been boosting the Asian markets, with China Resources Power jumping by more than eight per cent.

After drops over concerns about the Cyprus bailout, the Nikkei was able to bounce back in yesterday's trading.

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