Hong Kong: Stocks extend losses ahead of weekend

HONG Kong shares finished a tough week with another loss on Friday (Sep 23) as global markets were battered by recession concerns, with central banks ramping up interest rates to fight inflation.

The Hang Seng Index dropped 1.18 per cent, or 214.68 points, to 17,933.27.

The Shanghai Composite Index eased 0.66 per cent, or 20.54 points, to 3,088.37, while the Shenzhen Composite Index on China’s second exchange lost 1.41 per cent, or 28.16 points, to 1,963.69. AFP