Hong Kong: Shares begin with losses

HONG KONG stocks opened Monday (Apr 25) morning sharply lower, in line with a sell-off across Asia and following a painful end to last week for Wall Street as traders prepare for a big interest rate hike by the Federal Reserve next month.

The Hang Seng Index sank 1.71 per cent or 353.92 points to 20,284.60.

The Shanghai Composite Index also shed 1.71 per cent or 52.65 points to 3,034.27, while the Shenzhen Composite Index on China’s second exchange lost 1.79 per cent or 34.26 points to 1,879.85. AFP