Hong Kong, Shanghai: Shares hit by oil prices
[HONG KONG] Hong Kong and Shanghai stocks sank in the first few minutes of trade Tuesday with energy firms taking a hit after oil sank to a seven-year low as crude cartel Opec decided not to slash output.
The Hang Seng Index in Hong Kong slipped 1.00 per cent, or 222.01 points, to 21,981.21.
And the benchmark Shanghai Composite Index slid 0.52 per cent, or 18.28 points, to 3,518.65, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.50 per cent, or 11.24 points, to 2,250.17.
AFP
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
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data
Hong Kong spot crypto ETFs to start trading next week
Greenback recovers from PMI slump, yen closes in on 155 per dollar
Hong Kong Stock Exchange bids farewell to first woman chair
Asia stocks rise on Wednesday amid Wall Street rally; STI up 0.6%