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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: China, Hong Kong stocks slide as oil surge fuels inflation concerns

Oil China Hong Kong Inflation CXMT Politburo United States

China and Hong Kong equities declined on Friday as a sharp rise in crude oil prices intensified inflation worries and weakened investor sentiment across Asian markets, as per a Reuters report.

China’s blue-chip CSI300 index and the Shanghai Composite Index fell 1.2% by the lunch break, while Hong Kong’s benchmark Hang Seng Index dropped 1.7%. The Hang Seng Tech Index also declined 1.7% as investors remained cautious amid rising geopolitical risks and concerns over market liquidity.

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