Hong Kong: Stocks end sharply lower

Published Tue, Jan 25, 2022 · 08:33 AM

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    [HONG KONG] Hong Kong shares closed with more deep losses on Tuesday as investors grow increasingly concerned about the Federal Reserve's plans to hike interest rates, while geopolitical fears are rising owing to Russia's troop build-up on the Ukrainian border.

    The Hang Seng Index sank 1.67 per cent or 412.85 points to 24,243.61.

    The Shanghai Composite Index dived 2.58 per cent or 91.04 points to 3,433.06, while the Shenzhen Composite Index on China's second exchange shed 3.31 per cent or 79.18 points to 2,313.06.

    AFP

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