ZCZC
BCN-39
STOCKS-MARKETS-HONGKONG-CHINA-CLOSE
Shanghai stocks dive, yuan hit as Fed flags more hikes
HONG KONG, Oct 18, 2018 (BSS/AFP) – Shares in Shanghai plunged almost
three percent on Thursday as the the yuan weakened and the Federal Reserve
flagged more US interest rate hikes.
The benchmark Shanghai Composite Index tumbled 2.94 percent, or 75.19
points, to 2,486.42 — its lowest level in almost four years.
And the Shenzhen Composite Index, which tracks stocks on China’s second
exchange, slid 2.73 percent, or 34.54 points, to 1,232.01, its weakest close
since August 2014.
The Hang Seng Index was flat, inching down 7.71 points to 25,454.55 as
investors returned from a one-day holiday.
BSS/AFP/HR/1425