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Hong Kong Stocks Slump After Credit Downgrade


Tuesday, 21 January 2020 15:36 WIB

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Hong Kong shares plunged on Tuesday after Moody's downgraded the city's credit rating, while tourism-linked firms were hit by fears over a SARS -like virus that has spread from China to other countries.

The Hang Seng index tumbled 2.81 percent, or 810.58 points, to close at 27,985.33.

The benchmark Shanghai Composite Index fell 1.41 percent, or 43.65 points, to 3,052.14 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 1.28 percent, or 23.42 points, to end at 1,806.54.

Source : AFP


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