BCN-15 Hong Kong stocks end with steep losses

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ZCZC

BCN-15

STOCKS-MARKETS-HONGKONG-CHINA-CLOSE

Hong Kong stocks end with steep losses

HONG KONG, Aug 22, 2019 (BSS/AFP) – Hong Kong shares sank on Thursday as
hopes for US interest rate cuts were overshadowed by worries about the city’s
economy and the impact of protests that are now in their third month.

The Hang Seng Index dived 0.84 percent, or 221.32 points, to 26,048.72.

But the benchmark Shanghai Composite Index added 0.11 percent, or 3.11
points, to 2,883.44 and the Shenzhen Composite Index, which tracks stocks on
China’s second exchange, closed 0.40 percent, or 6.29 points, higher at
1,578.91.

BSS/AFP/HR/1430