Hong Kong: Stocks suffer more losses

[HONG KONG] Hong Kong shares closed with hefty losses onWednesday as investors were jolted by news the city had halted its BioNTech vaccine rollout over a packaging problem, hitting its already slow inoculation programme.

The Hang Seng Index fell 2.03 per cent, or 579.24 points, to 27,918.14 - putting it in a correction after falling more than 10 per cent from its recent high seen in February.

The benchmark Shanghai Composite Index dropped 1.30 per cent, or 44.45 points, to 3,367.06, while the Shenzhen Composite Index on China's second exchange dropped 1.41 per cent, or 30.96 points, to 2,166.75.

AFP