Hong Kong: Stocks close with losses

[HONG KONG] Hong Kong shares closed almost two per cent down on Monday, with traders concerned that the expected economic recovery from the coronavirus pandemic will fan inflation and lead to interest rate hikes.

The Hang Seng Index dropped 1.92 per cent, or 557.46 points, to end the day at 28,540.83.

The benchmark Shanghai Composite Index closed down 2.3 per cent at 3,421.41, while the Shenzhen Composite Index on China's second exchange plunged 3.2 per cent to 2,224.08.

AFP