Hong Kong stocks on shaky ground after US$118bil wipeout


A recovery in Hong Kong stocks looked fragile as protests extended into Tuesday, disrupting road and rail networks.

The Hang Seng Index rose just 0.3% as of 9:35 a.m. local time, following its sudden 2.6% loss on Monday that saw the city’s shares lose $118 billion in value. Local developers and landlords dropped after starting the session higher, with Wharf Real Estate Investment Co. down 2.1%. The Hong Kong dollar weakened.

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