19 July 2021

Hong Kong shares close sharply lower

Hong Kong shares started the week with losses, in line with a sell-off across Asia. — Reuters file pic
Hong Kong shares started the week with losses, in line with a sell-off across Asia. — Reuters file pic

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HONG KONG, July 19 — Hong Kong shares started the week with losses, in line with a sell-off across Asia, as investors grew concerned about the spread of the Delta coronavirus variant as well as the impact of spiking inflation on monetary policy.

The Hang Seng Index sank 1.84 per cent, or 514.90 points, to close at 27,489.78 today.

The benchmark Shanghai Composite Index was flat, inching down 0.18 points to 3,539.12, while the Shenzhen Composite Index on China’s second exchange dipped 0.07 per cent, or 1.74 points, to 2,452.32. — AFP




Source: Malay Mail

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