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Hong Kong: Stocks open with losses

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Published Mon, Oct 10, 2022 · 09:52 AM
    • The Hang Seng Index shed 1.64 per cent, or 290.69 points, to 17,449.36.
    • The Hang Seng Index shed 1.64 per cent, or 290.69 points, to 17,449.36. PHOTO: BLOOMBERG

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    HONG KONG stocks sank at the open on Monday (Oct 10) after robust US jobs data dented hopes of a slowdown in the world’s top economy and ramped up bets on another bumper Federal Reserve interest rate hike.

    The Hang Seng Index shed 1.64 per cent, or 290.69 points, to 17,449.36.

    The Shanghai Composite Index edged up 0.08 per cent, or 2.54 points, to 3,026.94 as traders in mainland China returned from a week-long break. The Shenzhen Composite Index on China’s second exchange added 0.13 per cent, or 2.48 points, to 1,914.47. AFP

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