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Hong Kong: Stocks close week with more losses

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Published Fri, Jul 15, 2022 · 04:35 PM
    • The Hang Seng Index dropped 2.19 per cent, or 453.49 points, to 20,297.72.
    • The Hang Seng Index dropped 2.19 per cent, or 453.49 points, to 20,297.72. PHOTO: REUTERS

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    HONG Kong shares tumbled on Friday (Jul 15) as data showed China's economy grew slower than expected in the second quarter, while tech firms were hit by news that Alibaba executives had been quizzed by mainland officials over the theft of a police database.

    The Hang Seng Index dropped 2.19 per cent, or 453.49 points, to 20,297.72.

    The Shanghai Composite Index sank 1.64 per cent, or 53.68 points, to 3,228.06, while the Shenzhen Composite Index on China's second exchange lost 1.49 per cent, or 32.70 points, to 2,159.99. AFP

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