China, Hong Kong stocks track global retreat as recession fears loom [Reuters]
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Source: Reuters
China, Hong Kong stocks track global retreat as recession fears loom - Reuters 3 Min Read * SSEC falls 0.6%, CSI300 0.5% down; HSI slips 0.2% * HK-Shanghai Connect daily quota used -0.9%, Shanghai-HK daily quota used 4.7% * FTSE China A50 -0.4% SHANGHAI, Aug 15 (Reuters) - China and Hong Kong stocks fell on Thursday, tracking a selloff on Wall Street, as an inverted U.S. bond yield curve intensified fears about a global recession. ** The CSI300 index fell 0.5% to 3,662.38 at the end of the morning session, while the Shanghai Composite Index lost 0.6% to 2,791.60. ** The Hang Seng index dropped 0.2% to 25,259.69, while the Hong Kong China Enterprises Index lost 0.3% to 9,840.98. ** Wall Street sold off sharply on Wednesday as recession fears gripped the market after the U.S. Treasury yield curve temporarily inverted for the first time in 12 years. ** All three major U.S. indexes closed down about 3%, with the blue-chip Dow posting its biggest one-day point drop since October after 2-ye
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