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Stock Exchange: Hong Kong closes at -6.36% after new PCC summits

2022-10-24T08:38:40.567Z


The Hong Kong Stock Exchange collapsed to its lowest level since more than a decade following the announcement of the new leaders of the Chinese Communist Party, with President Xi Jinping snatching an unprecedented third term at the helm of the CCP: the Hang Seng index, on tim ... (ANSA)


(ANSA) - BEIJING, OCTOBER 24 - The Hong Kong stock exchange has collapsed more than a decade after the announcement of the new leaders of the Chinese Communist Party, with President XiJinping who has snatched an unprecedented third mandate at the helm of the CPC: the Hang Seng index, on heightened fears that economic growth could be sacrificed in favor of political ideology, dropped 6.36% to 15,180.69 points.

Heavy losses, over 10%, even for hi-tech giants such as Alibabae Tencent.

(HANDLE).


Source: ansa

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