Hong Kong: Stocks drop at global retreat continues
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[HONG KONG] Hong Kong stocks tumbled at the start of business on Thursday morning, in line with another steep drop across global markets, following a forecast-beating US inflation read that fuelled fears that interest rates will need to be hiked.
The Hang Seng Index sank 1.10 per cent, or 311.03 points, to 27,920.01.
The benchmark Shanghai Composite Index shed 0.88 per cent, or 30.61 points, to 3,432.14, while the Shenzhen Composite Index on China's second exchange fell 0.99 per cent, or 22.57 points, to 2,249.24.
AFP
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