Shanghai, Hong Kong plunge after Wall Street losses

By: 9 years ago

A stock investor reacts near a board displaying stock prices at a brokerage house in Huaibei in central China's Anhui province on Monday June 24, 2013. Asian markets mostly fell on Tuesday owing to growing concerns about a liquidity crisis in China. AP PHOTO

A stock investor reacts near a board displaying stock prices at a brokerage house in Huaibei in central China’s Anhui province in this June 24, 2013 file photo. Stock markets in Shanghai and Hong Kong again fell early Thursday, Jan. 14, 2016, following the plunge in Wall Street. AP

HONG KONG, China — Shanghai stocks extended their sharp losses on worries over the economy on Thursday, in line with another regional sell-off after New York’s three main indexes were hammered again.

The benchmark Shanghai Composite Index lost 2.56 percent, or 75.55 points, to 2,874.05, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, tumbled 3.27 percent, or 58.65 points, to 1,732.53.

And in Hong Kong, the Hang Seng Index sank 1.79 percent, or 355.96 points, to 19,578.92.