Pedestrians walk past a billboard showing the Hang Seng Index in Hong Kong on September 1, 2022. Photo: EPA-EFE
Pedestrians walk past a billboard showing the Hang Seng Index in Hong Kong on September 1, 2022. Photo: EPA-EFE

HSBC slides, Hong Kong stocks extend sell-off from 11-year low as policy hawks fuel recession concerns

  • Stocks slid further to 2011-low after entering bear-market zone last week as HSBC sank 7.5 per cent amid recession fears, UK tax cuts
  • Hong Kong scrapped mandatory quarantine rules from September 26 as the financial industry called for a full reopening to catch up with global financial hubs

Pedestrians walk past a billboard showing the Hang Seng Index in Hong Kong on September 1, 2022. Photo: EPA-EFE
Pedestrians walk past a billboard showing the Hang Seng Index in Hong Kong on September 1, 2022. Photo: EPA-EFE
READ FULL ARTICLE