Friday, April 20, 2018
  • share this

Hong Kong shares close 1.0% lower

/ 05:00 PM January 16, 2012

HONG KONG – Hong Kong shares closed 1.0 percent lower Monday after Standard & Poor’s stripped France and Austria of their triple-A credit ratings and downgraded seven other eurozone members.

The benchmark Hang Seng Index lost 192.22 points to 19,012.2 on turnover of HK$38.80 billion ($4.99 billion).

Chinese shares closed down 1.71 percent, a day before the release of key economic figures for 2011, on persistent concerns that the slowing domestic economy could hurt company earnings, dealers said.


The Shanghai Composite Index, which covers A and B shares, was down 38.39 points at 2,206.19 on turnover of 42.9 billion yuan ($6.8 billion).

Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Business, Economy and Business and Finance, shares, Stock Activity
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2018 | All Rights Reserved