Hong Kong: Shares open with more losses

HONG KONG shares opened lower Tuesday (Jun 14) to extend the previous day's sharp losses as investors grow increasingly worried that decades-high inflation will force the Federal Reserve to hike interest rates quicker than initially thought.

The Hang Seng Index shed 1.35 per cent, or 284.04 points, to 20,783.54.

The Shanghai Composite Index lost 0.96 per cent, or 31.34 points, to 3,224.21, while the Shenzhen Composite Index on China's second exchange fell 1.06 per cent, or 22.11 points, to 2,063.00. AFP