Recession Fears Send Local Stocks Tumbling
"); jQuery("#212 h3").html("
"); });
2022-06-22 HKT 17:00
Share this story
Hong Kong shares plunged on Wednesday as investor fears over a possible recession returned to world markets, fuelled by central bank interest rate hikes aimed at reeling in runaway inflation.
The Hang Seng Index tumbled 2.56 percent, or 551.25 points, to close at 21,008.34.
The Shanghai Composite Index shed 1.20 percent, or 39.52 points, to 3,267.20, while the Shenzhen Composite Index on China's second exchange lost 1.28 percent, or 27.47 points, to 2,119.82. (AFP)
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more