Hong Kong Stocks Dive As Lockdown Fears Bite
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2022-04-25 HKT 16:32
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Shares in Hong Kong and the mainland plunged on Monday on growing fears over the Chinese economy as a fast-spreading Covid outbreak forces lockdowns in major cities, while traders were also worried about an expected sharp hike in US interest rates.
The Hang Seng Index plunged 3.7 percent, or 769 points, to 19,869.
The Shanghai Composite Index shed 5.1 percent, or 158 points, to 2,928, while the Shenzhen Composite Index dived 6.5 percent, or 124 points, to 1,790. (AFP)
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