Hong Kong, Shanghai: Markets open lower
[HONG KONG] Hong Kong and Shanghai stocks sank in the first few minutes of trade Friday as a sell-off across global markets overshadowed forecast-beating manufacturing data from China.
The Hang Seng Index dropped 0.93 per cent, or 242.29 points, to 25,723.13.
The benchmark Shanghai Composite Index slid 0.35 per cent, or 11.11 points, to 3,176.95 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 0.30 per cent, or 5.60 points, to 1,886.67.
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
Bitcoin 'halving' has taken place: CoinGecko
Wall Street bonus rules return to regulatory agenda in third try
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade