Hong Kong Stocks Drop As Global Retreat Continues
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2021-05-13 HKT 09:50
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Hong Kong stocks tumbled at the start of business on Thursday morning, in line with another steep drop across global markets, following a forecast-beating US inflation read that fuelled fears that interest rates will need to be hiked.
The Hang Seng Index sank 1.1 percent to 27,920.
The benchmark Shanghai Composite Index shed 0.88 percent to 3,432, while the Shenzhen Composite Index fell 0.99 percent to 2,249. (AFP)
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