Hang Seng falls 0.98% to 24,315 as mainland stocks rebound
Briefing by News4U · First published
In this evening's News4U market wrap, RTHK Finance reported Hong Kong stocks ended lower on Wednesday, with the Hang Seng Index down 0.98 percent at 24,315, the Hang Seng China Enterprises Index down 1.14 percent at 8,171, and the Hang Seng Tech Index down 1.41 percent. On the mainland, the Shanghai Composite reversed earlier losses and closed up 0.5 percent, the CSI300 index added 0.4 percent and the Shenzhen Component Index rose 1.32 percent, while the ChiNext Composite index rose 3.1 percent and the STAR50 index climbed 2.8 percent. RTHK said regional markets were stuck in a narrow range after a hotter-than-expected US inflation reading and hawkish policymakers raised bets on a quicker pace of rate hikes, and oil prices rose after falling in the previous session. [1]
Sources
- Mainland stocks edge higher, HK shares end down - RTHK
RTHK Finance · · Excerpt