Saturday, 18th May, 2024
Saturday, 18th May, 2024

Hong Kong stocks begin sharply lower

Hong Kong stocks tanked in the first
few minutes of trade Thursday following a rout on Wall Street, with investors
fretting that markets are in line for a correction after a lengthy rally.

The Hang Seng Index fell 1.31 percent, or 382.68 points, to 28,914.85.

The benchmark Shanghai Composite Index sank 1.08 percent, or 38.67 points,
to 3,534.67, while the Shenzhen Composite Index on China’s second exchange
shed 1.44 percent, or 34.84 points, to 2,386.08.

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