Hong Kong stocks suffer third successive loss

Hong Kong stocks suffered a third straight day of heavy losses on Tuesday (Dec 5) as investors’ euphoria over expected Federal Reserve interest rate cuts cools following November’s rally.

The Hang Seng Index tumbled 1.91 per cent, or 318.19 points, to 16,327.86.

The Shanghai Composite Index slipped 1.67 per cent, or 50.62 points, to 2,972.30, and the Shenzhen Composite Index on China’s second exchange shed 1.95 per cent, or 36.62 points, to 1,845.03. AFP