Last week's heavy sell-off in Hong Kong pushed the territory's market measures to the bottom of the region's performance tables for the week. The Hang Seng China Enterprises Index, which measures H shares, fell 6.14 per cent while the blue-chip Hang Seng Index lost 3.7 per cent. China shares also figured prominently on the losers board, following the Government's crackdown on stock speculation. A shares in Shanghai and Shenzhen fell more than 2 per cent. B shares in Shenzhen, fell 3.06 per cent on the week. No laggards table would be complete without Thailand. The benchmark SET Index once again underperformed most of the region, dropping 2.83 per cent on the week. At the other end of the spectrum was Bombay. The bulls in Bombay lifted the Sensex Index 5.05 per cent last week on expectations that oil companies would soon be allowed to raise petrol prices. The index now stands at a 12-month high. Australia had a good week, with the All Ordinaries Index up more than 2 per cent. Korea and the Philippines outperformed the region, boosted by Merrill Lynch's recommendation that investors switch 1 per cent out of Hong Kong and into Seoul and Manila shares.