Hong Kong: Stocks finished sharply lower
Add BT as a preferred source
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
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.
Share with us your feedback on BT's products and services
TRENDING NOW
Singapore developer in limbo after Timor-Leste scraps major township project
Troubled platform UCars founded by group of dealers wound up on S$4 million debt
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
