Hong Kong, China: Stocks open lower

[HONG KONG] Shares in Hong Kong sank 1.40 per cent in the opening exchanges on Monday after the Federal Reserve's decision to hold off an interest rate hike last week fanned fresh fears about the global economy.

The benchmark Hang Seng Index in Hong Kong rose 306.40 points to 21,614.43 in the first few minutes.

And in Shanghai the benchmark composite index fell 0.83 per cent, or 25.83 points, to 3,072.09 on persistent worries about the mainland economy as well as a crackdown by regulators on "illegal market activities".

The Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 1.26 per cent, or 21.16 points, to 1,657.94.

AFP