Hong Kong: Shares close with big loss

HONG KONG stocks plunged on Friday (May 6), in line with a global sell-off fuelled by worries over rising interest rates and surging inflation, with traders also concerned about China's Covid lockdowns.

The Hang Seng Index fell 3.81 per cent, or 791.44 points, to 20,001.96.

The Shanghai Composite Index dipped 2.16 per cent, or 66.20 points, to 3,001.56, and Shenzhen Composite Index slumped 1.71 per cent, or 32.27 points, to 1,859.39. AFP