Hong Kong: Stocks finish sharply down

HONG Kong stocks tumbled on Wednesday (Oct 19) after three days of gains, with traders left unimpressed by city leader John Lee’s first policy address in which he vowed to boost the economy but would press on with a political crackdown.

The Hang Seng Index fell 2.38 per cent, or 403.30 points, to 16,511.28.

The Shanghai Composite Index lost 1.19 per cent, or 36.58 points, to 3,044.38, while the Shenzhen Composite Index on China’s second exchange slipped 1.16 per cent, or 23.25 points, to 1,981.84. AFP