Hang Seng Index: Hong Kong Stocks Suffer Losses as Federal Reserve Cuts Interest Rate
But the benchmark Shanghai Composite Index dipped 0.15 percent, or 4.19 points, to 2,883.24 but the Shenzhen Composite Index on China's second exchange gained 0.12 percent, or 2.09 points, to 1,801.07.
Hong Kong, March 16: Hong Kong stocks opened with more losses Monday as a dramatic stimulus drive and interest rate cut by the Federal Reserve fanned concerns over the economic impact of the coronavirus.
The Hang Seng Index fell 2.27 percent, or 545.00 points, to 23,487.91.
But the benchmark Shanghai Composite Index dipped 0.15 percent, or 4.19 points, to 2,883.24 but the Shenzhen Composite Index on China's second exchange gained 0.12 percent, or 2.09 points, to 1,801.07.
(The above story first appeared on LatestLY on Mar 16, 2020 09:01 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).