Hong Kong: Stocks open sharply lower

[HONG KONG] Hong Kong stocks suffered more losses at the start of trade Tuesday (Jan 25) following a volatile day on Wall Street, with concerns over the Federal Reserve's plans to hike interest rates compounded by worries over the Ukraine crisis.

The Hang Seng Index plunged 1.64 per cent or 404.94 points to 24,251.52.

The Shanghai Composite Index lost 0.42 per cent or 14.82 points to 3,509.28, while the Shenzhen Composite Index on China's second exchange fell 0.46 per cent or 11.01 points to 2,381.24.

AFP