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Hong Kong Market falls 2.2%

12-May-22 17:03 Hrs IST

Hong Kong share market finished session lower on Thursday, 12 May 2022, on following overnight losses on Wall Street — after data showed the consumer price index stateside in April remaining near the highest level in more than 40 years.

At closing bell, the benchmark Hang Seng Index fell 2.24%, or 444.23 points, to 19,380.34. The Hang Seng China Enterprises Index shed 2.58%, or 174.91 points, to 6,594.81.

Market participants have recently expressed concerns more aggressive moves by the Fed and other central banks could lead to a period of stagflation or an outright recession. Investors are anxious to see more data on inflation Thursday, when U.S. producer price index data is due.

22,402.40 34.40 (0.15%)

73,852.94 114.49 ( 0.16%)

48,189.00 218.55 ( 0.46%)

33,442.55 -272.00 ( -0.81%)

15,712.75 16.11 (0.10%)

38,460.92 -42.77 (-0.11%)

17,201.27 372.34 (2.21%)

38,460.08 907.92 (2.42%)

83.39 -0.03 (-0.04%)

88.83 -0.06 (-0.06%)

103.02 -0.17 (-0.16%)

0.54 0.00 (-0.10%)