Hong Kong stocks suffer more heavy losses

 06 Dec 2017 - 12:01

Hong Kong stocks suffer more heavy losses


Hong Kong: Hong Kong stocks tumbled again on Wednesday as energy and technology firms suffered hefty losses following a retreat in European and US markets.

The Hang Seng Index sank 2.14 percent, or 618.00 points to close at 28,224.80. The market has lost more than six percent since hitting a 10-year high just a fortnight ago.

The benchmark Shanghai Composite Index lost 0.29 percent, or 9.72 points, to 3,293.96. But the Shenzhen Composite Index, which tracks stocks on China's second exchange, climbed 0.68 percent, or 12.67 points, to end at 1,879.65.