HK stocks extend losses on Fed, China worries - RTHK
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HK stocks extend losses on Fed, China worries

2023-07-06 HKT 16:21
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  • The Hang Seng Index dropped 3 percent to 18,533. Image: Shuttestock
    The Hang Seng Index dropped 3 percent to 18,533. Image: Shuttestock
Hong Kong shares tanked on Thursday on worries about more US Federal Reserve interest rate hikes as well as China's stuttering economy as its Covid recovery runs out of steam.

The Hang Seng Index dropped 3 percent, or 577 points, to 18,533.

The Shanghai Composite Index shed 0.5 percent, or 17 points, to 3,205, while the Shenzhen Composite Index retreated 0.4 percent, or 7 points, to 2044. (AFP)

HK stocks extend losses on Fed, China worries