Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Around the World's Markets: Hong Kong

Friday 27 August 1999 23:02 BST
Comments

THE HANG SENG index ended down 225.25 points, or 1.66 per cent, at 13,383.13, ahead of the release of GDP data. Shortly after the markets closed the Hong Kong Association of Banks raised the deposit rate by 25 basis points at its weekly meeting.

A late spurt of selling dragged the market down. Traders blamed it on European investors unloading stock after Thursday's fall in the Dow Jones and because of weaker than expected earnings from Hutchison Whampoa and Cheung Kong.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in