Hong Kong: Stocks fall more than 3% after open
[HONG KONG] Shares in Hong Kong plunged more than three percent after opening Tuesday, tracking heavy selling in Europe and the United States on renewed concerns about China's slowing economy.
Hong Kong's benchmark Hang Seng Index sank 3.31 percent, or 700.94 points, to 20,485.38 in the first few minutes.
Shanghai fell 1.47 per cent, or 45.54 points, to 3,055.22, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, retreated 1.60 per cent, or 27.78 points, to 1,710.14.
AFP
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
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard
Europe: Stocks retreat on earnings gloom, weak US economic data
US: Stocks hit by GDP data, Meta results
Singapore stocks end lower after US market wobbles ahead of CPI data; STI down 0.2%
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover