Hong Kong stocks close lower after Fed rate cut

Business & Finance
1 Aug 2019 • 4:35 PM MYT
Malay Mail
Malay Mail

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Investors look at computer screens in front of an electronic board showing stock information at a brokerage house in Shanghai, China, August 18, 2015. — Reuters pic

HONG KONG, Aug 1 — Hong Kong shares closed lower today, tracking Wall Street losses after the Fed cut rates but expressed a cautious view about future reductions.

The Hang Seng Index dropped 0.76 per cent, or 212.05 points, to 27,565.70.

The benchmark Shanghai Composite Index lost 0.81 per cent, or 23.74 points, to close at 2,908.77.

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, ended down 0.52 per cent, or 8.24 points, at 1,563.06. — AFP