Hong Kong stocks stumble to lowest since 2011
Hong Kong stocks sank to the lowest since 2011 as the increased rate dented market confidence and heightened the worries of the looming recession.
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Hong Kong stocks sank to the lowest since 2011 as the increased rate dented market confidence and heightened the worries of the looming recession.
Hong Kong stocks sank to the lowest since 2011 as the increased rate dented market confidence and heightened the worries of the looming recession.
Hong Kong stocks slumped to the lowest level in almost 11 years on concerns more interest-rate increases by global central banks will crush consumption, damage corporate earnings and push the global economy into a recession.
Shares are poised for a strong start, but the bounce higher could prove temporary due to central banks’ resolve to keep raising rates until inflation peaks.
T. Rowe Price has written down its investment in Canva by an additional 30 per cent, after leading its $US200 million investment round in September last year.