Hong Kong: Stocks open with losses

HONG Kong stocks fell more than one per cent at the start of business Monday (Jul 11) on growing concerns about a fresh Covid flare-up in China and ahead of the release of key data this week on the world’s number 2 economy.

The Hang Seng Index lost 1.2 per cent, or 255.01 points, to 21,470.77.

The Shanghai Composite Index slipped 0.5 per cent, or 14.98 points, to 3,341.10, while the Shenzhen Composite Index on China’s second exchange eased 0.4 per cent, or 8.54 points, to 2,211.36.