Hong Kong shares plunge as world markets routed

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Pedestrians walk past a stock market display board showing the losses at Hang Seng Index results in Hong Kong.
Pedestrians walk past a stock market display board showing the losses at Hang Seng Index results in Hong Kong.
Photo by Budrul Chukrut

Hong Kong stocks tumbled Tuesday in line with a sell-off across world markets as investors grew increasingly worried that an expected strong economic recovery will fan inflation and force central banks to hike interest rates sooner than forecast.

The Hang Seng Index fell 2.03%, or 581.85 points, to 28 013.81.

But the benchmark Shanghai Composite Index rose 0.40%, or 13.85 points, to 3 441.85, while the Shenzhen Composite Index on China's second exchange added 0.36%, or 8.03 points, to 2 251.96.

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Rand - Dollar
14.23
+0.5%
Rand - Pound
19.82
-0.4%
Rand - Euro
16.96
-0.1%
Rand - Aus dollar
10.72
-0.3%
Rand - Yen
0.13
+0.4%
Gold
1,783.08
+1.1%
Silver
26.00
+0.7%
Palladium
2,564.50
+3.9%
Platinum
1,054.01
+1.5%
Brent Crude
73.51
+0.6%
Resource 10
61,142
+0.3%
Industrial 25
87,978
+0.0%
Financial 15
12,871
-1.0%
Top 40
59,472
-0.1%
All Share
65,564
-0.1%
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