News24.com | Hong Kong stocks finish sharply lower thumbnail

News24.com | Hong Kong stocks finish sharply lower

Hong Kong stocks closed Friday slightly higher, ending a strong week on a healthy note.

Hong Kong stocks closed Friday slightly higher, ending a strong week on a healthy note.

d3sign/Stock photo/ Getty

Hong Kong stocks tumbled Thursday along with other global markets after a forecast-beating US inflation reading ramped up fears that the Federal Reserve will be forced to hike interest rates sooner than expected.

The Hang Seng Index dived 1.81%, or 512.37 points, to 27 718.67.

The benchmark Shanghai Composite Index lost 0.96%, or 33.22 points, to 3 429.53, while the Shenzhen Composite Index on China’s second exchange dropped 0.81%, or 18.51 points, to 2 253.30.

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