Global rout infects Hong Kong, China stocks as weak earnings from Samsung to Tesla unnerved traders after record runs

//Global rout infects Hong Kong, China stocks as weak earnings from Samsung to Tesla unnerved traders after record runs

Global rout infects Hong Kong, China stocks as weak earnings from Samsung to Tesla unnerved traders after record runs

Hong Kong and mainland China stocks slumped, joining a global sell-off as a slew of disappointing earnings from Facebook to Tesla and Samsung stoked concerns equities are too expensive. The Federal Reserve left borrowing costs unchanged at its policy meeting, without promising fresh monetary stimulus.The Hang Seng Index slid 2 per cent to 28,715.90 as of 10.50am local time trading and was headed for a third day decline after reaching a June 2018 high earlier this week. The Shanghai Composite…

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By | 2021-01-28T02:58:34+00:00 January 28th, 2021|Business|Comments Off on Global rout infects Hong Kong, China stocks as weak earnings from Samsung to Tesla unnerved traders after record runs