Hong Kong: Stocks end sharply lower

[HONG KONG] Hong Kong stocks tumbled Wednesday with tech firms taking a heavy hit after US authorities banned China Telecom from the country over national security concerns, ramping up tensions between the two superpowers.

The Hang Seng Index lost 1.57 per cent or 409.53 points to 25,628.74.

The Shanghai Composite Index shed 0.98 per cent or 35.33 points to 3,562.31, while the Shenzhen Composite Index on China's second exchange sank 1.11 per cent or 26.88 points to 2,397.51.

AFP