Shanghai, Hong Kong: Stocks tumble at open
[HONG KONG] Shares in Shanghai and Hong Kong fell at the open on Wednesday following the previous day's rally, which was fuelled by data showing China's economy grew in line with forecasts last year.
The benchmark Shanghai Composite Index fell 0.49 per cent, or 14.73 points, to 2,993.01 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.67 per cent, or 12.71 points, to 1,883.04.
In Hong Kong, the Hang Seng Index sank 1.86 per cent, or 365.54 points, to 19,270.27.
AFP
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
South Korea’s probe alleges 211.2 billion won of illegal short trades
Asia: Markets build on rally as US jobs data boost rate cut hopes
Zero-day options boom will only grow even as some investors fear disaster
Singapore stocks open in the black on Monday; STI up 0.3%
Stocks to watch: Singtel, Venture Corp, ARA H-Trust, YHI International, LHN
Europe: Shares end higher on tech support; banks slide