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Hong Kong: Stocks dive more than 1% by break

Friday, May 5, 2017 - 12:42

Hang Seng.jpg

[HONG KONG] Hong Kong stocks sank more than one per cent on Friday morning as energy firms were hit by a plunge in oil prices, while investors await the release of key US jobs data later in the day.

The Hang Seng Index tumbled 1.16 per cent, or 287.03 points, to 24,396.85 by the break.

The benchmark Shanghai Composite Index slipped 0.68 per cent, or 21.27 points, to 3,106.10 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 0.34 per cent, or 6.43 points, to 1,889.93.


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