Hong Kong stocks fell more than one percent at the start of trade on Wednesday following a sell-off on Wall Street, with investor confidence continuing to be rattled by the coronavirus crisis.
The Hang Seng Index slipped 1.01 percent, or 237.58 points, to 23,365.90, reports BSS.
The benchmark Shanghai Composite Index dipped 0.25 percent, or 6.76 points, to 2,743.54, while the Shenzhen Composite Index on China’s second exchange edged down 0.07 percent, or 1.21 points, to 1,664.72.
The Hong Kong Exchanges flag, Chinese national flag and Hong Kong flag are hoisted outside the Hong Kong Stocks Exchange in Hong Kong
The Stock Exchange of Hong Kong Limited is a stock exchange based in Hong Kong. It is Asia’s third-largest in terms of market capitalization behind the Tokyo Stock Exchange and Shanghai Stock Exchange, and the fourth single largest stock market in the world. As of 2018, it has 2,315 listed companies with a combined market capitalization of HK$29.9 trillion. It is reported as the fastest growing stock exchange in Asia.
The stock exchange is owned by SEHK-listed company Hong Kong Exchanges and Clearing Limited (HKEX) through its subsidiary Stock Exchange of Hong Kong Limited. The physical trading floor at Exchange Square was closed in October 2017.