Hong Kong shares suffer another steep drop to end week

Hong Kong shares suffer another steep drop to end week

The Hang Seng Index slipped 1.11%, or 276.83 points, to 24,717.63 while the the benchmark Shanghai Composite Index lost 0.19%, or 4.95 points, to 2,598.85.

HKEX signage. (AFP pic)
HONG KONG:
Hong Kong stocks ended the week with another sharp loss on Friday, in line with a broad sell-off across Asia as investors failed to match a rebound on Wall Street owing to geopolitical and trade worries.

The Hang Seng Index slipped 1.11%, or 276.83 points, to 24,717.63.

The benchmark Shanghai Composite Index lost 0.19%, or 4.95 points, to 2,598.85.

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, dropped 0.17%, or 2.18 points, to 1,290.62.

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