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Thursday, August 11, 2022

Hong Kong, Shanghai stocks open with losses

Hong Kong, Shanghai stocks open with lossesHONG KONG: Shares tumbled in Hong Kong at the start of business Monday as hopes for a China-US trade deal that fuelled a rally at the end of last week were dashed by Donald Trump’s economics adviser.

The Hang Seng Index sank 1.65 percent, or 436.01 points, to 26,050.34.

The benchmark Shanghai Composite Index slipped 0.41 percent, or 11.05 points, to 2,665.43, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, fell 0.27 percent, or 3.60 points, to 1347.49.

Copyright AFP (Agence France-Press), 2018

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Source: Brecorder

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