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.
We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can
trust. For only R75 per month, you have access to
a world of in-depth analyses, investigative journalism,
top opinions and a range of features. Journalism
strengthens democracy. Invest in the future today.