Hong Kong: Stocks close lower

[HONG KONG] Hong Kong stocks finished on a negative note on Monday (Feb 28) as investors fret about the impact of strict sanctions on Russia after its invasion of Ukraine, while a worsening Covid outbreak in the city is adding to the sense of trepidation.

The Hang Seng Index fell 0.24 per cent, or 54.16 points, to 22,713.02.

The Shanghai Composite Index rose 0.32 per cent, or 10.90 points, to 3,462.31, while the Shenzhen Composite Index on China's second exchange gained 0.35 per cent, or 8.03 points, to 2,318.09. AFP