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Hong Kong: Stocks open lower on Wednesday

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Published Wed, May 5, 2021 · 01:43 AM

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    [HONG KONG] Hong Kong stocks dropped at the open of business on Wednesday morning following a negative lead from Wall Street after Treasury Secretary Janet Yellen suggested US interest rates might need to be raised as huge government spending measures push up inflation.

    The Hang Seng Index slipped 0.45 per cent, or 129.47 points, to 28,427.67.

    Mainland Chinese markets were closed for a holiday.

    AFP

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