The Business Times
business-time-50

Hong Kong: Stocks finish with big losses

google-preferred-sourceAdd BT as a preferred source
Published Wed, Jul 6, 2022 · 04:27 PM
    • The Hang Seng Index retreated 1.22 per cent, or 266.41 points, to 21,586.66.
    • The Hang Seng Index retreated 1.22 per cent, or 266.41 points, to 21,586.66. PHOTO: REUTERS

    HONG KONG stocks tumbled on Wednesday (Jul 6) on fears over a recession in the world's leading economies, while the downbeat mood was made worse by news of a new flare-up of Covid cases in China.

    The Hang Seng Index retreated 1.22 per cent, or 266.41 points, to 21,586.66.

    But the Shanghai Composite Index fell 1.43 per cent, or 48.68 points, to 3,355.35, while the Shenzhen Composite Index on China's second exchange dropped 1.15 per cent, or 25.78 points, to 2,207.20. 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

    Employees may grumble about long hours, difficult clients or demanding deadlines, but often the biggest push factor is how they are treated.

    What makes a good job? Feeling that you matter

    Faishal Ibrahim has resigned from political office.

    Faishal Ibrahim resigns over online messages with a female member of the public

    Alibaba’s Qwen alone has overtaken Meta’s Llama to become the most downloaded open-source model family in history.

    When the disruptor gets disrupted: How Chinese open-source AI is eating its own industry

    CapitaLand Integrated Commercial Trust is spending S$160 million to revamp Plaza Singapura and The Atrium@Orchard.

    Retail resets: Mall owners reposition shopping centres as Singapore’s consumer landscape evolves

    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