Hong Kong Stocks Tumble to 2011 Low on Fed, Geopolitical Risks
(Bloomberg) — Broad selling on concerns about the Federal Reserve’s relentless campaign to fight inflation and growing U.S.-China tensions sent Hong Kong stocks tumbling to decade lows.
The benchmark Hang Seng Index dropped as much 2.6% on Thursday to 17965.33, the lowest since December 2011, dragged down by technology shares. Meanwhile, the Hang Seng China Enterprises Index, which entered a bear market in the previous session, pared losses after earlier approaching 2008 lows.
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