Hong Kong: Stocks end at 11-year low

HONG Kong stocks tumbled again on Thursday (Sep 22) to an 11-year low as global markets were hammered by a third successive 75-basis-point interest rate hike by the Federal Reserve and a warning that more increases were in the pipeline.

The Hang Seng Index dived 1.61 per cent, or 296.67 points, to 18,147.95.

The Shanghai Composite Index slipped 0.27 per cent, or 8.27 points, to 3,108.91, while the Shenzhen Composite Index on China’s second exchange shed 0.62 per cent, or 12.47 points, to 1,991.85. AFP