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Hong Kong stocks dive as world markets are routed

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Pedestrians walk past a stock market display board showing the losses at Hang Seng Index results in Hong Kong.
Pedestrians walk past a stock market display board showing the losses at Hang Seng Index results in Hong Kong.
Photo by Budrul Chukrut

Hong Kong stocks plunged Thursday in line with a global sell-off fuelled by profit-taking from a recent rally, while investors also fretted over spiking virus infections, slow vaccine rollouts and a stuttering economic recovery.

The Hang Seng fell 2.55%, or 746.76 points, to 28 550.77.

The benchmark Shanghai Composite Index sank 1.91%, or 68.17 points, to 3 505.18, while the Shenzhen Composite Index on China's second exchange dropped 2.82%, or 68.16 points, to 2 352.75.

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