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Hong Kong, Shanghai Stocks End Morning Lower

Muhammad Rameez Published August 22, 2016 | 01:05 PM

Hong Kong, Shanghai stocks end morning lower

HONG KONG, (UrduPoint / Pakistan Point News -22nd Augst,2016) - Shares sank in Hong Kong Monday morning as upbeat comments on the US economy by the Federal Reserve's vice chairman fanned speculation the central bank could hike interest rates before the end of the year.

The Hang Seng Index fell 0.33 percent, or 76.26 points, to 22,860.96. The benchmark Shanghai Composite Index lost 0.63 percent, or 19.73 points, to 3,088.37 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 0.74 percent, or 15.21 points, to 2,029.49.

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