Hong Kong, China stocks close sharply down

AFP  | Deccan Chronicle

Business, Market

The Hang Seng Index plummeted 4.86 percent, or 1,108.94 points, to close at 21,696.13

Representative Image (AFP)

Hong Kong: Hong Kong stocks plunged Monday with investors spooked about the economic impact of the coronavirus pandemic despite the announcement of massive emergency stimulus measures worldwide.

The Hang Seng Index plummeted 4.86 percent, or 1,108.94 points, to close at 21,696.13.

Mainland China's benchmark Shanghai Composite Index also closed down, dropping 3.11 percent, or 85.45 points, to 2,660.17.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 4.26 percent, or 72.58 points, to close at 1,631.88.

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