Hong Kong: Stocks end lower, enter correction phase
[HONG KONG] Hong Kong stocks sank Thursday - entering into a correction phase - dragged by a sell-off in property firms and as investors tracked losses on Wall Street.
The Hang Seng Index dropped 0.80 per cent, or 173.60 points, to close at 21,636.20 - more than 10 per cent down from their recent high seen on Sept 9.
The benchmark Shanghai Composite Index edged up 0.07 per cent, or 2.13 points, to 3,139.56 but the Shenzhen Composite Index, which tracks stocks on China's second exchange, shed 0.13 per cent, or 2.66 points, to 1,993.37.
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
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data
Hong Kong spot crypto ETFs to start trading next week
Greenback recovers from PMI slump, yen closes in on 155 per dollar
Hong Kong Stock Exchange bids farewell to first woman chair
Asia stocks rise on Wednesday amid Wall Street rally; STI up 0.6%