The benchmark stock index of Hong Kong plunged 1.2% on Wednesday to close to its lowest level in 2 years as markets in China continued to wobble.

The Hang Seng index was down 250 points to 20,934.94, its lowest close since July, 2013. The China Enterprises Index fell 1.6%, to 9,301.32 points.

Chinese shares tumbled over 4%in early trade before ending almost flat. Mainland markets have plunged 40 percent since mid-June.

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