Hong Kong, Shanghai Drop As Fed Rally Vanishes

Hong Kong, Shanghai drop as Fed rally vanishes

HONG KONG, (Pakistan Point News - APP - 26th Sep, 2016 ) : Hong Kong shares dropped Monday in line with other Asian markets as last week's Fed-sparked rally dissipated. The Hang Seng Index shed 1.56 percent, or 368.56 points, to close at 23,317.92. The benchmark Shanghai Composite Index lost 1.76 percent, or 53.47 points, to 2,980.43. The Shenzhen Composite Index, which tracks stocks on China's second exchange, slid 2.07 percent, or 41.52 points, to 1,966.60.