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HONG KONG, Nov 15 AFP

November 15 2012, 8:34PM

Hong Kong shares have closed 1.55 per cent lower following heavy losses on Wall Street caused by US fiscal cliff fears.

The benchmark Hang Seng Index shed 333.06 points on Thursday to 21,108.93 on turnover of HK$52.95 billion ($A6.61 billion).

Chinese shares closed down 1.22 per cent.

The benchmark Shanghai Composite Index lost 25.13 points to 2,030.29 on turnover of 37.1 billion yuan ($A5.81 billion).