SHANGHAI – Hong Kong’s Hang Seng index fell on Friday to finish at its lowest close in more than 18 months, over concerns about the Omicron coronavirus variant, inflation and policy tightening.
The Hang Seng index closed down 1.2 percent at 23,192.63 points, its lowest close since May 28, 2020. The Hang Seng China Enterprises index fell 1.58 percent to 8,218.
The sub-index of the Hang Seng tracking the IT sector dipped 3.14 percent and the Hang Seng Tech Index fell 2.43 percent to a record low close, taking its losses for the weeks to 5.88 percent – its worst week since August.