Hong Kong: Stocks end 0.22% lower, Shanghai slumps
[HONG KONG] Hong Kong shares slipped 0.22 per cent on Thursday, tracking losses across the region despite the US Federal Reserve saying any rate rises would be gradual, while Shanghai tumbled on liquidity concerns.
The benchmark Hang Seng Index lost 59.13 points to 26,694.66 on turnover of HK$106.20 billion (US$13.70 billion).
In mainland China the benchmark Shanghai Composite Index slumped 3.67 per cent, or 182.54 points, to 4,785.36 on turnover of 785.8 billion yuan (US$128.6 billion).
The Shenzhen Composite Index, which tracks stocks on China's second exchange, plunged 3.57 per cent, or 107.80 points, to 2,913.60 on turnover of 675.4 billion yuan.
AFP
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
UBS lifts Chinese stocks to overweight in rare upgrade call
Asia: Most markets rise with earnings, US data in view
Singapore banks lead market surge again on easing Middle East tensions; STI up 1%
Stocks to watch: Clar, Keppel Reit, ESR-Logos Reit, Nanofilm, LHN
Europe: Stocks rebound after last week’s selloff, eyes on earnings and data
US: Stocks rebound to open big earnings week