Hong Kong stocks close with a big loss
Hong Kong stocks ended the week with more losses on Friday after another above-forecast US inflation reading and comments from Federal Reserve officials suggesting it could hike interest rates 50 basis points next month. The Hang Seng Index fell 1.3 percent, or 267 points, to 20,719. The Shanghai Composite Index sank 0.8 percent, or 25 points, to 3,224, while the Shenzhen Composite Index lost 1.2 percent, or 25 points, to 2,125. (AFP)