Hong Kong stocks end with steep losses

• The Hang Seng Index dropped 1.00 percent, or 212.81 points, to 21,082.13.
• But, the Shanghai Composite Index climbed 0.42 percent, 13.30 points, to 3,195.46.
• The Shenzhen Composite Index gained 0.69 percent, or 13.86 points, to 2,026.51.

Hong Kong stocks finished down on Thursday as global markets fell on recession fears, with central banks raising interest rates to combat rising inflation.

The Hang Seng Index dropped 1.00 percent, or 212.81 points, to 21,082.13.

Read More: Hong Kong stocks finish lower

But, the Shanghai Composite Index climbed 0.42 percent, or 13.30 points, to 3,195.46, while the Shenzhen Composite Index gained 0.69 percent, or 13.86 points, to 2,026.51.

Previously on Hong Kong Stocks

Hong Kong stocks closed with losses Wednesday as profit-takers stepped in following a healthy run-up in recent sessions and after a weak lead from Wall Street fuelled by inflation angst.

The Hang Seng Index dropped 0.56 percent, or 120.26 points, to 21,294.94.

The Shanghai Composite Index eased 0.13 percent, or 4.27 points, to 3,182.16, while the Shenzhen Composite Index on China’s second exchange edged up 0.28 percent, or 5.70 points, to 2,012.65.

Read More: Tokyo stocks close higher

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