Hong Kong stocks fall, HSBC slides nearly 6 per cent; China markets hit 14-month low
Hong Kong stocks fell on Tuesday, with the Hang Seng Index dropping 0.7 per cent as HSBC slumped nearly 6 per cent. Mainland markets also declined, with the Shanghai Composite Index hitting a 14-month low.
Hong Kong stocks fell on Tuesday, dragged down by a nearly 6 per cent decline in HSBC (0005) and tech shares, according to The Standard.
The benchmark Hang Seng Index dropped by 170 points, or 0.7 per cent, to 23,041 points. Market turnover reached HK$178 billion, the report said.
The Hang Seng Tech Index declined by 1.5 per cent to 3,800 points.
On the mainland, the Shanghai Stock Exchange Composite Index dipped 1.3 per cent to 3,648 points, its lowest level in 14 months. The Shenzhen Stock Exchange Component Index plunged 2.5 per cent to 11,245 points, The Standard reported.