You are here

Hong Kong; Shanghai: Shares open down on US data; Shares rise


[HONG KONG] Hong Kong stocks opened down on Monday after a strong US jobs report fuelled talk of a December interest rate hike but Shanghai advanced as news of a restart to initial public offerings indicated a return of Chinese market stability.

The benchmark Hang Seng Index fell 0.50 per cent, or 113.82 points, to 22,753.50.

Shanghai's composite index edged up 0.09 per cent, or 3.39 points, to 3,593.42, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.11 per cent, or 2.27 points, to 2,154.70.