The Business Times
business-time-50

Hong Kong: Stocks end with big losses

google-preferred-sourceAdd BT as a preferred source
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

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Hong Kong stocksChina stocks

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    An artist's impression of Pelican Paradise Group's township project that was designed to include a five-star convention hotel, an 18-hole championship golf course and a hospital, among others.

    Singapore developer in limbo after Timor-Leste scraps major township project

    The full-service airline had 18,233 on its payroll on average in FY2026, more than 17,912 in the year-ago period.

    SIA staff get lower bonus of 5.7 months for FY2026

    SIA and Scoot have raised airfares across their networks, but the group says these adjustments do not fully offset the spike in jet fuel prices.

    SIA H2 FY2026 earnings fall 53.6% to S$945.5 million on absence of accounting gain

    State-level minimum purchase thresholds push foreign buyers towards higher-value properties, while consent rules and other restrictions further narrow the pool of homes available to them.

    That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More