AFP, Hong Kong :
Hong Kong and Shanghai stocks ended the week with sharp losses Friday as fears over the global economy were fanned by a European Central Bank growth forecast downgrade and data showing Chinese trade fell off a cliff last month.
The Hang Seng Index in Hong Kong sank 1.91 percent, or 551.03 points, to 28,228.42.
The benchmark Shanghai Composite Index lost 4.40 percent, or 136.56 points, to 2,969.86, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, tumbled 3.79 percent, or 63.25 points, to 1,605.28.
Hong Kong and Shanghai stocks ended the week with sharp losses Friday as fears over the global economy were fanned by a European Central Bank growth forecast downgrade and data showing Chinese trade fell off a cliff last month.
The Hang Seng Index in Hong Kong sank 1.91 percent, or 551.03 points, to 28,228.42.
The benchmark Shanghai Composite Index lost 4.40 percent, or 136.56 points, to 2,969.86, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, tumbled 3.79 percent, or 63.25 points, to 1,605.28.
