Losses in Hong Kong stocks accelerated in Wednesday’s afternoon trading session with a sell-off in this year’s best-performers including Geely Automobile Holdings, Ping An Insurance and AAC Technologies, forcing the benchmark index to post its biggest daily decline in a year.
Established in 1969, the Hang Seng Index is the benchmark stock market index, monitoring changes in 48 constituent blue chip stocks. It is maintained by Hang Seng Indexes Company, a unit of Hang Seng Bank, which is controlled by HSBC Group.
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