Hang Seng dives more than 1,300 points Friday

Wed, 03 Jun 2020

Hang Seng dives more than 1,300 points Friday

Lola Evans
22 May 2020, 18:04 GMT+10

Hong Kong's Hang Seng was down 1,349 .89 points or 5.56% at 22,930.14, at the close on Friday.
In China, the Shanghai Composite closed down 54.16 points or 1.89% at 2,813.77.
On foreign exchange markets, the euro dropped to 1.0914, while the British pound tumbled to 1.2176.

SYDNEY, Australia - Stocks in Asia dipped into the red on Friday as Hong Kong markets shattered in the wake of Beijing's proposed new security laws for the province.

Hong Kong's benchmark index, the Hang Seng, was down 1,349 .89 points or 5.56% at 22,930.14, at the close on Friday.

In China, the Shanghai Composite closed down 54.16 points or 1.89% at 2,813.77.

Japan's Nikkei 225 dropped 164.15 points or 0.80% to 20,388.16.

The Australian All Ordinaries was off 52.20 points or 0.92% to 5,608.70.

On foreign exchange markets, the euro dropped to 1.0914. The British pound tumbled to 1.2176. The Japanese yen rose to 107.36.

The Swiss franc was unchanged at 0.9709.

The Canadian dollar weakened to 1.4028. The Australian dollar dropped half--acent to 0.6516. The New Zealand dollar was softer at 0.6102.

Overnight on Wall Street, the Dow Jones Industrial Average was down 101.78 points or 0.41% at 24,474.12.

The Standard and Poor's 500 fell 23.10 points or 0.78% to 2,948.51.

The Nasdaq Composite shed 90.90 points or 0.97%, to 9,284.88.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Singapore Star.

More Information

26 ℃

Mostly Cloudy in Seletar

International

Section

4 St Louis police officers receive gunshot wounds during protests

ST LOUIS, Missouri - Police in St. Louis, Missouri say four police officers were shot late Monday as protests that ...

New Zealand largely escapes Covid-19 with only 22 deaths recorded

WELLINGTON, June 2 (Xinhua) -- New Zealand reported no new cases of COVID-19 on Tuesday for 11 consecutive days, with ...

Several Afghan civilians die in roadside bombing

Officials say that seven civilians have been killed and six others wounded in a roadside bomb attack in northern Afghanistan.The ...

Tensions between U.S. black communities and police go back centuries

Outrage over racial profiling and the killing of African Americans by police officer ...

U.S. in lockdown, 50% of states activate National Guard

WASHINGTON, DC - Under siege in the White House, President Donald Trump is aggravating America's latest racial anguish in a ...

11 Washington DC police injured in third day pf protests

WASHINGTON, DC, May 31 (Xinhua) - Washington, D.C. Mayor Muriel Bowser said on Sunday night she was imposing a citywide ...

Business

Section

U.S. stocks rally as dollar continues dive

NEW YORK, New York - Stocks in the United States, and across the world were in demand again on Tuesday, ...

Chinese solid waste imports down by nearly 50% this year

BEIJING, June 2 (Xinhua) -- China is now moving closer and vows to achieve its goal of halting all imports ...

Asian markets led higher by Japanese and Hong Kong indices

TOKYO, Japan - Tokyo and Hong Kong stocks closed higher Tuesday on continued hopes for global economies to recover, as ...

German carmaker to expand investment in Chinese auto sector

HEFEI, June 2 (Xinhua) -- German carmaker Volkswagen has announced plans to invest 2.1 billion euros (about 2.3 billion U.S. ...

New plant for health and wellness products to open near Cork City

CO CORK, Ireland - A U.S. manufacturer of essential oils, health and wellness products is developing a manufacturing plant near ...

Dubai getting back to business after lengthy break

DUBAI, UAE - Malls throughout Dubai are slowly building their business after being dormant for some weeks due to the ...

Movie Review

Matewan