Hong Kong: Stocks drop at open

HONG KONG stocks opened with losses on Wednesday (Oct 19) morning following a healthy three-day run-up, with traders awaiting the first policy speech by city leader John Lee later in the day.

The Hang Seng Index slipped 0.64 per cent, or 108.67 points, to 16,805.91.

The Shanghai Composite Index eased 0.25 per cent, or 7.70 points, to 3,073.26, while the Shenzhen Composite Index on China’s second exchange was down 0.29 per cent, or 5.86 points, to 1,999.22. AFP