Hong Kong blue chips skidded at midday today after the Federal Reserve stayed on hold overnight and US stocks dropped. The benchmark Hang Seng Index tumbled by 1.03 percent, or 258.37 points, at 24,791.36. Bank shares fell after the US Federal Reserve stayed on hold, with HSBC (0005) down by 3.02 percent at HK$38.55 and Hang Seng Bank (0011) dropping by 2.84 percent at HK$133.20. The Shanghai Stock Exchange Composite Index is at 2,950.78, up by 0.24 percent. The Shenzhen Stock Exchange Composite Index is at 1,889.23, up by 0.76 percent.

Source: The Standard June 11, 2020 05:03 UTC