Hong Kong’s Hang Seng Index Tumbles to Its Lowest Level in More Than a Year

Hong Kong’s stock-market benchmark slid to its lowest level in nearly 14 months, as China’s regulatory crackdowns combined with investor worries about the new Omicron Covid-19 variant to push down many stocks listed in the city.

The Hang Seng Index dropped 1.6% on Tuesday to close at its lowest level since Oct. 2 last year, according to FactSet. The index, which is undergoing a major overhaul that will give more sway to technology stocks, fell 7.5% in November alone and has lost close to a fifth of its value over the past six months.

Source: https://www.wsj.com/articles/hong-kongs-hang-seng-index-tumbles-to-its-lowest-level-in-more-than-a-year-11638271318