SHANGHAI – Hong Kong shares closed at near three-week lows on Thursday, as investors reconsidered the impact of surging inflation and an aggressive rate hike by the US central bank.
The Hang Seng Index fell 2.2 percent to 20,845.43, while the China Enterprises Index lost 2.6 percent to 7,259.41 points.
Tech giants listed in Hong Kong ended lower 3.3 percent, with index heavyweights Alibaba, Tencent and Meituan down between 3 percent and 4 percent.