Hong Kong: Stocks close lower again

HONG Kong stocks sank again on Tuesday (Oct 11) as traders remained spooked by central bank interest rate hikes to tame inflation, with many fearing they will send major economies into recession.

The Hang Seng Index sank 2.23 per cent, or 384.30 points, to 16,832.36 - ending below 17,000 for the first time since 2011.

But the Shanghai Composite Index added 0.19 per cent, or 5.65 points, to 2,979.79, while the Shenzhen Composite Index on China’s second exchange edged up 0.61 per cent, or 11.50 points, to 1,882.00. AFP