Business News

Hong Kong, Shanghai stocks down by break

HONG KONG, (MILLAT ONLINE/APP/AFP) – Hong Kong stocks
sank Thursday morning in line with an Asia-wide sell-off following two days of gains, while brokers said mainland markets were weighed by a raft of new listings that soaked up liquidity.
The Hang Seng Index fell 0.43 percent, or 105.35 points, to 24286.70.
The benchmark Shanghai Composite Index tumbled 1.12 percent, or 36.31
points, to 3,205.00 and the Shenzhen Composite Index, which tracks stocks on
China’s second exchange, dived 1.78 percent, or 35.99 points, to 1,983.40.