Hong Kong: Stocks finish lower

Hong Kong stocks finished on the back foot again on Thursday (Jul 14) as another forecast-beating spike in US inflation ramped up expectations that the Federal Reserve will press ahead with its aggressive interest rate hikes.

The Hang Seng Index slipped 0.22 per cent, or 46.74 points, to 20,751.21.

The Shanghai Composite Index fell 0.08 per cent, or 2.55 points, to 3,281.74 while the Shenzhen Composite Index on China's second exchange rose 0.79 per cent, or 17.11 points, to 2,192.70. AFP


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