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Hong Kong, Shanghai: Stocks open down after Yellen rate hike hint

Monday, August 29, 2016 - 10:06
38838783.1 (38840846) - 24_06_2016 - HONG KONG-BRITAIN-EU-VOTE.jpg

[HONG KONG] Shares fell in the first few minutes of trade in Hong Kong Monday after Federal Reserve boss Janet Yellen suggested US interest rates could be lifted before the end of the year.

The Hang Seng Index slipped 0.16 per cent, or 36.28 points, to 22,873.26.

And the benchmark Shanghai Composite Index edged down 0.06 per cent, or 1.85 points, to 3,068.46, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.07 per cent, or 1.41 points, to 2,021.68.

AFP