HONG KONG: Hong Kong shares closed in negative territory Friday as worries that a Covid surge in China could lead to fresh lockdowns overshadowed growing optimism that the Federal Reserve will soon ease back on its rate hike drive.
The Hang Seng Index fell 0.49 percent, or 87.32 points, to 17,573.58.
The Shanghai Composite Index added 0.40 percent, or 12.38 points, to 3,101.69, while the Shenzhen Composite Index on China’s second exchange lost 0.70 percent, or 13.96 points, to 1,984.18.
Markets mixed as easing Fed fears tempered by China Covid spike
Comments
Comments are closed.