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Hong Kong: Stocks end with big losses

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Published Thu, Aug 18, 2022 · 04:23 PM
    • The Hang Seng Index sank 0.80 per cent, or 158.54 points, to end at 19,763.91.
    • The Hang Seng Index sank 0.80 per cent, or 158.54 points, to end at 19,763.91. PHOTO: BLOOMBERG

    HONG Kong shares closed deep in negative territory on Thursday (Aug 18), in line with a sell-off across world markets after Federal Reserve minutes fanned concerns that interest rates will continue to rise and be held elevated until inflation is tamed.

    The Hang Seng Index sank 0.80 per cent, or 158.54 points, to end at 19,763.91.

    The Shanghai Composite Index shed 0.46 per cent, or 14.98 points, to 3,277.54, while the Shenzhen Composite Index on China’s second exchange lost 0.26 per cent, or 5.92 points, to 2,236.53. AFP

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