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Business

Hong Kong stocks head into weekend with loss

Agence France-Presse
November 10, 2023 | 4:42pm
asian stocks
People stand in front of an electronic display showing the Hang Seng Index in the Central district of Hong Kong on July 26, 2021, after stocks plunged as tuition firms were hammered by China's decision to reform the private education sector by preventing them from making profits.
ISAAC LAWRENCE / AFP

HONG KONG, China — Hong Kong shares closed the week with another loss Friday as global markets took a hit from Federal Reserve chief Jerome Powell's warning that interest rates could be hiked again to fight inflation.

The Hang Seng Index dived 1.76 percent, or 308.03 points, to 17,203.26.

The Shanghai Composite Index slipped 0.47 percent, or 14.31 points, to 3,038.97, and the Shenzhen Composite Index on China's second exchange shed 0.42 percent, or 8.10 points, to 1,903.80.

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ASIAN STOCK MARKET

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HANG SENG INDEX

HONG KONG

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