HONG KONG: Hong Kong stocks plunged Friday, in line with a global sell-off fuelled by worries over rising interest rates and surging inflation, with traders also concerned about China’s Covid lockdowns.

The Hang Seng Index fell 3.81 percent, or 791.44 points, to 20,001.96.

Hong Kong stocks cling onto last week’s gains, HSBC jumps

The Shanghai Composite Index dipped 2.16 percent, or 66.20 points, to 3,001.56, and Shenzhen Composite Index slumped 1.71 percent, or 32.27 points, to 1,859.39.

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