You are here

Hong Kong: Stocks finish sharply lower

AF_hangseng_240720.jpg
Hong Kong and Shanghai stocks sank Friday on rumbling China-US tensions and following a jump in US jobless claims that fanned worries about the economic recovery.

[HONG KONG] Hong Kong and Shanghai stocks sank Friday on rumbling China-US tensions and following a jump in US jobless claims that fanned worries about the economic recovery.

The Hang Seng Index tumbled 2.21 per cent or 557.67 points to 24,705.33.

The benchmark Shanghai Composite Index dived 3.86 per cent or 128.34 points to 3,196.77, while the Shenzhen Composite Index on China's second exchange tanked 5 per cent or 112.57 points to 2,138.36.

AFP

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes