Business News

HONG KONG, (APP/AFP) – Hong Kong stocks swung
wildly at their open on Friday as initial results from Britain’s knife-edge EU membership referendum began to trickle in.
The Hang Seng Index plunged around two percent in initial trade, then
clawed nearly all of its losses back moments later.
Around 45 minutes after the open, it was down 1.0 percent, or 208.95
points, at 20659.39.
Chinese shares were also down, with the benchmark Shanghai Composite Index falling 0.28 percent, or 8.20 points, to 2883.76.
The Shenzhen Composite Index, which tracks stocks on China’s second
exchange, edged down 0.16 percent, or 3.08 points, to 1912.13.