Hong Kong: Stocks suffer further losses

[HONG KONG] Hong Kong stocks ended lower again on Tuesday as news that Jerome Powell had been nominated by US President Joe Biden to run the Federal Reserve for a second term fanned expectations the bank will tighten monetary policy quicker.

The Hang Seng Index slipped 1.20 per cent or 299.76 points to 24,651.58.

The Shanghai Composite Index rose 0.20 per cent or 7.01 points to 3,589.09 while the Shenzhen Composite Index on China's second exchange edged up 0.21 per cent or 5.21 points to 2,520.37.

AFP