Business News

HONG KONG, (APP/AFP) – Shanghai stocks sank Wednesday
morning as traders took profits from a recent rally, while Hong Kong also dipped as a much-anticipated Federal Reserve policy meeting wraps up later in the day.
The benchmark Shanghai Composite Index fell 1.62 percent, or 49.38
points, to 3,000.79, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, dropped 3.03 percent, or 61.92 points, to 1,983.04.
The Hang Seng Index slipped 0.14 percent, or 31.28 points, to
22,098.45 by the break.