Hong Kong: Shares open sharply lower on Monday

HONG Kong stocks began Monday with losses following a sell-off on Wall Street fuelled by renewed worries about central bank interest rate hikes and the impact on the economy.

The Hang Seng Index fell 1.01 per cent, or 200.61 points, to 19,572.42.

The Shanghai Composite Index eased 0.26 per cent, or 8.37 points, to 3,249.70, while the Shenzhen Composite Index on China’s second exchange slipped 0.29 per cent, or 6.50 points, to 2,201.48. AFP