Hong Kong stock market movement | Hong Kong banking stocks extend recent declines; Fitch revises France's rating outlook to negative; market worries about valuation losses on sovereign bonds.

Zhitong Finance APP has learned that Hong Kong banking stocks have extended their recent decline. As of press time, BOC Hong Kong (02388.HK) fell 3.88% to HK$48.54; Bank of East Asia (00023.HK) fell 3.82% to HK$17.12; Standard Chartered (02888.HK) fell 3.70% to HK$213.4; HSBC Holdings (00005) fell 2.43% to HK$132.4.