Hong Kong: Stocks close down more than 5% on China law fears

Hong Kong stocks tanked more than five per cent Friday after China's proposal for a new security law for the city sparked concerns about fresh protests in the financial hub and stoked further tensions with the United States.

[HONG KONG] Hong Kong stocks tanked more than five per cent Friday after China's proposal for a new security law for the city sparked concerns about fresh protests in the financial hub and stoked further tensions with the United States.The benchmark Shanghai Composite Index fell 1.89 per cent, or 54.16 points, to 2,813.77, while the Shenzhen Composite Index on China's second exchange lost 2.02 per cent, or 36.22 points, to 1,752.42.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks skid as Hong Kong returns as US-China flashpoint; STI falls 2.3%TOKYO (REUTERS) - Asia shares tumbled on Friday (May 22) as Hong Kong's political unrest returned as a flashpoint in fast-deteriorating US-China relations, following Beijing's moves to impose a new security law on the city.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

SE Asia Stocks-Slip as Sino-U.S. tensions spike over new Hong Kong lawREUTERS
Source: TODAYonline - 🏆 1. / 99 Read more »

Tensions over Hong Kong unnerves world stocks, oil tumblesWorld stocks took a hit on Friday as China moved to impose a new security law on Hong Kong after last year's pro-democracy unrest, further ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »