You are here

Hong Kong: Stocks start week with another sharp drop

file6ue7ei83eciq0l2q5y8.jpg
The Hang Seng Index fell 1.79 per cent, or 487.93 points, to close at 26,820.88.

[HONG KONG] Hong Kong suffered more big losses Monday as investors fret that the coronavirus could become a global pandemic, with energy firms and companies linked to tourism among the worst hit.

The Hang Seng Index fell 1.79 per cent, or 487.93 points, to close at 26,820.88.

The benchmark Shanghai Composite Index slipped 0.28 per cent, or 8.44 points, to 3,031.23 and the Shenzhen Composite Index rose 1.36 per cent, or 26.01 points, to 1,933.36. Mainland markets were helped by government pledges of support for businesses and stimulus measures including an interest rate cut.

AFP

BT is now on Telegram!

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