Hong Kong: Stocks drop at open

HONG KONG shares opened with fresh losses Friday (Jun 17) morning following another sell-off on Wall Street as a series of hikes by central banks to fight inflation this week fanned concerns that economies could tip into recession.

The Hang Seng Index fell 0.67 per cent, or 140.22 points, to 20,705.21.

The Shanghai Composite Index retreated 0.40 per cent, or 13.13 points, to 3,272.25, while the Shenzhen Composite Index on China's second exchange slipped 0.82 per cent, or 17.24 points, to 2,089.51. AFP