soften! Hong Kong stock market crashes

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AFP news agency reported on October 3 that the Hong Kong stock market crashed to its lowest point in 11 years on fears of a recession this year. causing investors to escape from the market

Hong Kong's Hang Seng Index fell 0.83%, or about 143.32, and closed in negative territory at 17,079.51.

However, the Hang Seng Index fell below 17,000 points in the afternoon that same day. It reached its lowest point never seen since October 2011 after a global financial market crash and the eurozone debt crisis.

Hong Kong's stock market has continued to decline since February. This is the period during which the COVID-19 epidemic That lasted almost two years underscores the economic pain caused by China's zero-tolerance policy. which does not appear to be better

While most stock markets have been negatively impacted by many central banks raising their tax rates as a solution to inflation. Hong Kong stock markets also face other resistance. This includes the volatility of the Chinese economy. and rising tensions between the US and China As a result, the value of Hong Kong's Hang Seng stock index has dropped more than 25% this year.

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