Hong Kong: Stocks start week with another sharp drop
[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
Capital Markets & Currencies
Singapore stocks end lower after US market wobbles ahead of CPI data; STI down 0.2%
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
South Korea readies new system to detect illegal short-selling
Asia: Markets mixed as global rally stalls, eyes on yen
Singapore shares retreat at Thursday’s open; STI down 1.1%