Hong Kong: Shares open with big losses

HONG KONG stocks tumbled more than 1 per cent in the opening minutes of trade on Wednesday (Jun 29) following a sharp sell-off on Wall Street fuelled by concerns about the impact of runaway inflation on the economy.

The Hang Seng Index sank 1.31 per cent, or 293.36 points, to 22,125.61.

The Shanghai Composite Index slipped 0.28 per cent, or 9.53 points, to 3,399.68, while the Shenzhen Composite Index on China's second exchange also fell 0.28 per cent, or 6.38 points, to 2,237.54. AFP