iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Hong Kong: Hang Seng tumbles 1%

8 Feb 2022 , 06:23 PM

Hong Kong share market finished session lower on Tuesday, 08 February 2022, amid concerns about rising tensions between the worlds two largest economies after the U.S. Commerce Department had added 33 Chinese entities to its unverified list, which requires U.S. exporters to go through more procedures before shipping goods to the entities.

The news of the U.S. unverified list is having a large impact on listed companies as well as relevant industries and supply chain.

At closing bell, the benchmark Hang Seng Index fell 1.02%, or 250.06 points, to 24,329.49. The Hang Seng China Enterprises Index sank 0.89%, or 76.23 points, to 8,513.30.

The biggest loser on the Hang Seng was WuXi Biologics (Cayman) Inc, which fell more than 30% following the addition of its units in Wuxi and Shanghai to the red-flag export list. Trade in its shares was later halted.

ECONOMIC NEWS: Hong Kongs IHS Markit SAR Purchasing Managers Index (PMI) fell to 48.9 in January from 50.8 in December.

Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.