Hong Kong: Stocks close lower after Fed rate cut
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[HONG KONG] Hong Kong shares closed lower Thursday, tracking Wall Street losses after the Fed cut rates but expressed a cautious view about future reductions.
The Hang Seng Index dropped 0.76 per cent, or 212.05 points, to 27,565.70.
The benchmark Shanghai Composite Index lost 0.81 per cent, or 23.74 points, to close at 2,908.77.
The Shenzhen Composite Index, which tracks stocks on China's second exchange, ended down 0.52 per cent, or 8.24 points, at 1,563.06.
AFP
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
