Hong Kong Hang Seng tanks 424 points
Capital Market The Hong Kong stock market finished lower for second straight session on Wednesday, 28 February 2018, as worries about higher interest rates continued to drag the market following testimony in the US Congress from new Federal Reserve chief Jerome Powell. Meanwhile, weak factory data from China rekindled worries about the country's economic health amid fears of faster rate rises in the United States. weak factory data from China rekindled worries about the country's economic health amid fears of faster rate rises in the United States. Further dampening sentiment in Hong Kong, data showed the southbound leg of Shanghai-Hong Kong Stock Connect saw record net outflows of 2.9 billion yuan on Tuesday. The benchmark Hang Seng Index dipped 1.36%, or 423.94 points, to close at 30,844.72 while the Hang Seng China Enterprises Index slumped 2.09%, or 264.46 points, at 12,382.08.
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