Hong Kong shares suffer big losses after Wall St rout

 

Pedestrians walk past a stock display in Hong Kong. (AFP pic)

HONG KONG: Hong Kong stocks tumbled Wednesday following a rout on Wall Street as traders fret over last weekend’s China-US trade ceasefire, while there are also concerns about the outlook for the US economy.

The Hang Seng Index sank 1.62%, or 440.76 points, to 26,819.68.

And the benchmark Shanghai Composite Index lost 0.61%, or 16.15 points, to 2,649.81, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, dropped 0.48%, or 6.71 points, to 1,380.78.