Money - International
Stocks end sharply lower in Hong Kong
A woman wearing a face mask walks past a stocks display board outside Exchange Square in Hong Kong July 16, 2020, as the city experiences another spike in coronavirus cases. u00e2u20acu201d AFP pic

HONG KONG, Oct 27 — Hong Kong stocks tumbled today with tech firms taking a heavy hit after US authorities banned China Telecom from the country over national security concerns, ramping up tensions between the two superpowers.

The Hang Seng Index lost 1.57 per cent, or 409.53 points, to 25,628.74.

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The Shanghai Composite Index shed 0.98 per cent, or 35.33 points, to 3,562.31, while the Shenzhen Composite Index on China’s second exchange sank 1.11 per cent, or 26.88 points, to 2,397.51. — AFP

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