Hong Kong: Stocks close sharply lower

HONG KONG stocks tumbled on Monday (Jun 13) as part of a rout across global markets after a forecast-beating jump in US inflation fuelled worries about an aggressive campaign of Federal Reserve rate hikes.

The Hang Seng Index dived 3.39 per cent, or 738.60 points, to 21,067.58.

The Shanghai Composite Index fell 0.89 per cent, or 29.28 points, to 3,255.55, while the Shenzhen Composite Index on China's second exchange was flat, inching down 0.21 points to 2,085.10. AFP