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Hong Kong: Stocks finished sharply lower

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Published Wed, Aug 10, 2022 · 04:29 PM
    • The Hang Seng Index shed 1.96 per cent, or 392.60 points, to 19,610.84.
    • The Hang Seng Index shed 1.96 per cent, or 392.60 points, to 19,610.84. PHOTO: EPA

    SHARES in Hong Kong joined a global retreat on Wednesday (Aug 10) ahead of US inflation data due later in the day, with traders fearing a strong reading could pressure the Federal Reserve to continue with its sharp pace of interest rate hikes.

    The Hang Seng Index shed 1.96 per cent, or 392.60 points, to 19,610.84.

    The Shanghai Composite Index sank 0.54 per cent, or 17.41 points, to 3,230.02, while the Shenzhen Composite Index on China's second exchange fell 0.35 per cent, or 7.66 points, to 2,180.83. AFP

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