HONG KONG: Hong Kong shares finished with losses Thursday as global markets went into retreat on recession fears with central banks pushing interest rates higher to stem a surge in inflation.

The Hang Seng Index dropped 1.00 percent, or 212.81 points, to 21,082.13.

Hong Kong, mainland shares start with healthy gains

But the Shanghai Composite Index rose 0.42 percent, or 13.30 points, to 3,195.46, while the Shenzhen Composite Index on China’s second exchange gained 0.69 percent, or 13.86 points, to 2,026.51.