Hong Kong, Shanghai: Stocks open with losses

[HONG KONG] Shares tumbled in Hong Kong at the start of business on Monday as hopes for a China-US trade deal that fuelled a rally at the end of last week were dashed by Donald Trump's economics adviser.

The Hang Seng Index sank 1.65 per cent, or 436.01 points, to 26,050.34.

The benchmark Shanghai Composite Index slipped 0.41 per cent, or 11.05 points, to 2,665.43, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 0.27 per cent, or 3.60 points, to 1347.49.

AFP