Hong Kong stocks tumble almost 3% as traders extend tech-fuelled rout
3 years ago

Hong Kong stocks tumble almost 3% as traders extend tech-fuelled rout

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Traders are also fretting over possible sanctions if Beijing reacts to Russia’s plea for military help in its Ukraine invasion, which could lead to measures against Chinese firms including possible sanctions. Hong Kong: Hong Kong stocks plunged again Tuesday, extending the previous day’s tech-fuelled rout that came after China locked down the tech hub of Shenzhen. The Shanghai Composite Index dived 2.18 percent, or 70.42 points, to 3,153.11, while the Shenzhen Composite Index on China’s second exchange lost 1.49 percent, or 31.34 points, to 2,078.13. The Hang Seng Index dived five percent Monday as the Hang Seng Tech Index was pummelled 11 percent after China said it would lock down Shenzhen to contain a Covid outbreak.

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