Chinese and Hong Kong shares gave up gains to close down on Monday, declining for a fourth straight day, as global markets slid on overseas monetary tightening and recession worries.
** The blue-chip CSI 300 Index closed down 0.5%, while the Shanghai Composite Index lost 1.2%. ** The Hang Seng Index ended lower 0.4%, hovering around nearly 11-year lows, while the Hang Seng China Enterprises Index added 0.4%.
** China’s central bank announced steps to slow the…