Local Stocks Lose More Than 1,000 Points
"); jQuery("#212 h3").html("
"); });
2022-10-24 HKT 16:46
Share this story
Hong Kong stocks took a battering on Monday, plunging more than 6 percent on fresh concerns about the mainland economy.
The Hang Seng Index gave up 1,030 points, or 6.36 percent, to finish at 15,180, a new 13-year low.
Turnover stood at HK$161.8 billion.
Tech firms were among the hardest hit. Alibaba and Tencent each tumbled 11 percent and JD.com dived 13 percent.
HSBC bucked the trend, gaining 1.3 percent.
The Shanghai Composite Index fell 2.02 percent to 2,977, while the Shenzhen Composite Index was down 1.76 percent to 1,932.
Across the region, the Nikkei in Japan finished 0.31 percent higher, South Korea's Kospi climbed 1.04 percent, shares in Taiwan were up 0.29 percent, and Australia’s S&P/ASX 200 put on 1.54 percent.
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more