Hong Kong Market falls 2.2%

12 May 2022 , 05:03 PM

Hong Kong share market finished session lower on Thursday, 12 May 2022, on following overnight losses on Wall Street ? after data showed the consumer price index stateside in April remaining near the highest level in more than 40 years. At closing bell, the benchmark Hang Seng Index fell 2.24%, or 444.23 points, to 19,380.34. The Hang Seng China Enterprises Index shed 2.58%, or 174.91 points, to 6,594.81. Market participants have recently expressed concerns more aggressive moves by the Fed and other central banks could lead to a period of stagflation or an outright recession. Investors are anxious to see more data on inflation Thursday, when U.S. producer price index data is due.Powered by Capital Market – Live News