All of the existing today problems in the business world influenced stock market in Hong Kong, including technological sector decline, weakening of emerging markets, currency risk, threats to economy, Bloomberg reports.

Hang Seng index fell 1,3% on Monday. As a result, losses from peak value in January are almost 20% now.

Suffered from IT-companies shares selloff, as well as from concerns about slower growth of Chinese economy, Hong Kong stocks are now under influence of emerging markets crisis that started from Turkey and Latin America. MSCI index for emerging markets lost 26% from January 26. Traders predict even larger outflow of money from funds that follow this index around September 21, when options and futures tied to gauge expire.

Indiscriminate selloff of emerging markets stocks hit Asia the hardest, mostly due to large volumes in funds (about $2 trillion), following after MSCI index.

In June the largest exchange traded funds tracking MSCI gauge for emerging markets lost $5,4 billion. This is the biggest outflow since 2014. Hang Seng is close to show worst quarterly results in three years.

High level of volatility keeps investors away from selloff at Asian markets even though the valuations are the lowest in years. Experts do not see the situation change yet.