Hong Kong: Stocks open sharply lower

HONG KONG stocks plunged at the open on Thursday (Nov 3) following a heavy sell-off on Wall Street after the Federal Reserve ramped up interest rates again and warned there would be more to come.

The Hang Seng Index sank 2.21 per cent, or 349.43 points, to 15,477.74.

The Shanghai Composite Index dropped 0.74 per cent, or 22.17 points, to 2,981.20, while the Shenzhen Composite Index on China’s second exchange lost 0.90 per cent, or 17.76 points, to 1,950.45. AFP