Hong Kong: Stocks close with more losses

HONG Kong stocks extended their losing streak on Thursday (Oct 13) as global markets dropped ahead of US inflation data, which comes as traders fear further interest rate hikes that could dip the economy into recession.

The Hang Seng Index fell 1.89 per cent, or 311.92 points, to 16,389.11.

The Shanghai Composite Index lost 0.30 per cent, or 9.15 points, to 3,016.36, while the Shenzhen Composite Index on China’s second exchange added 0.25 per cent, or 4.74 points, to 1,934.28. AFP