Fri, 26 Feb 2021

Hong Kong stocks end sharply lower

26 Jan 2021, 20:12 GMT+10

Hong Kong stocks finished with big losses Tuesday as investors fretted over the timing of a new US stimulus, while the Chinese central bank's decision to soak up excess liquidity in mainland financial markets put the brakes on huge cross-border investment flows.

The Hang Seng sank 2.55%, or 767.75 points, to 29 391.26.

The benchmark Shanghai Composite Index dropped 1.51%, or 54.81 points, to 3 569.43, while the Shenzhen Composite Index on China's second exchange fell 1.98%, or 48.69 points, to 2 414.16.

Source: News24

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