Hong Kong Market ends lower

10 Jun 2022 , 05:24 PM

Hong Kong share market finished session lower on Friday, 10 June 2022, as investors opted to secure profits on tracking negative lead from Wall Street overnight and on caution ahead of the release of U.S. consumer price data which will guides the Federal Reserves policy tightening path. Meanwhile, selloff fueled further amid uncertainty around COVID-19 cases in Shanghai and worries over monetary policy divergence with other major economies. Shanghai will conduct another round of mass COVID-19 testing for residents this weekend, just 10 days after a city-wide lockdown was lifted, unsettling residents and raising concerns about the impact on business. At closing bell, the benchmark Hang Seng Index decreased by 0.3%, or 62.87 points, to 21,806.18. The Hang Seng China Enterprises Index was up by 0.04%, or 3.21 points, to 7,609.56. Powered by Capital Market – Live News