TV screen displaying news reporting of Chinese President Xi Jinping with his new team meet the media in Beijing at Quarry Bay department store on 23 October 2022. Photo: Robert Ng
TV screen displaying news reporting of Chinese President Xi Jinping with his new team meet the media in Beijing at Quarry Bay department store on 23 October 2022. Photo: Robert Ng

Stock markets crash in Hong Kong, Shanghai and Shenzhen on a raft of bad news after China’s leadership reshuffle

  • The Hang Seng Index slid to a new 13-year low on Monday, bringing the year’s loss to 35 per cent and making it the world’s top index loser in 2022
  • Even a stronger-than-expected economic report for the third quarter failed to lift market sentiments in Hong Kong, Shanghai and Shenzhen

TV screen displaying news reporting of Chinese President Xi Jinping with his new team meet the media in Beijing at Quarry Bay department store on 23 October 2022. Photo: Robert Ng
TV screen displaying news reporting of Chinese President Xi Jinping with his new team meet the media in Beijing at Quarry Bay department store on 23 October 2022. Photo: Robert Ng
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