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Hong Kong: Stocks dive at open

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Published Thu, Oct 20, 2022 · 09:47 AM
    • The Hang Seng Index tumbled 1.70 per cent, or 280.49 points, to 16,230.79.
    • The Hang Seng Index tumbled 1.70 per cent, or 280.49 points, to 16,230.79. PHOTO: BLOOMBERG

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    HONG KONG stocks sank at the open of business on Thursday (Oct 20) on lingering worries that surging inflation and interest rate hikes will tip economies into recession.

    The Hang Seng Index tumbled 1.70 per cent, or 280.49 points, to 16,230.79.

    The Shanghai Composite Index slipped 0.50 per cent, or 15.07 points, to 3,029.30, while the Shenzhen Composite Index on China’s second exchange fell 0.63 per cent, or 12.52 points, to 1,969.32. AFP

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