Hong Kong: Stocks slip 0.29% in early trade

[HONG KONG] Hong Kong stocks slipped 0.29 per cent in early trade on Wednesday, tracking US stocks which slumped on worries about higher oil prices and worsening tensions over the Greek debt crisis.

The Hang Seng index fell 81.21 points to 27,674.33 after the opening bell.

However, Chinese shares were higher after the Shanghai index plunged more than four per cent the previous day on worries over new share issues that tightened liquidity, dealers said.

The benchmark Shanghai Composite Index rose 0.87 per cent, or 37.39 points, to 4,336.10.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 1.01 per cent, or 22.30 points, to 2,240.19.

AFP