HONG KONG: Hong Kong stocks sank again Tuesday as traders remained spooked by central bank interest rate hikes to tame inflation, with many fearing they will send major economies into recession.

The Hang Seng Index sank 2.23 percent, or 384.30 points, to 16,832.36 – ending below 17,000 for the first time since 2011.

Hong Kong stocks end down on rate hike fears

But the Shanghai Composite Index added 0.19 percent, or 5.65 points, to 2,979.79, while the Shenzhen Composite Index on China’s second exchange edged up 0.61 percent, or 11.50 points, to 1,882.00.