Business News

Hong Kong, Shanghai in red as oil price falls further

HONG KONG, (APP/AFP): Hong Kong and Shanghai stocks both
fell Wednesday, following a wider market slump and a renewed downturn in oil prices.
In Hong Kong, the Hang Seng Index was down sharply 1.6 percent, or 311.08 points, to 19,103.7 by the break.
The benchmark Shanghai Composite Index slipped 0.21 percent, or 6.08
points, to 2,897.25.
The Shenzhen Composite Index, which tracks stocks on China’s second
exchange, fell 0.93 percent, or 17.49 points, to 1,859.70.