Hong Kong: Stocks shares plunge 1.27% at open

HONG Kong stocks tumbled at the open on Monday after Federal Reserve chief Jerome Powell warned interest rates were unlikely to be cut in March and data showed a forecast-busting jump in US jobs creation.

The Hang Seng Index sank 1.27 per cent, or 196.70 points, to 15,336.86.

The Shanghai Composite Index fell 0.52 per cent, or 14.07 points, to 2,716.08, and the Shenzhen Composite Index on China’s second exchange shed 0.91 per cent, or 13.63 points to 1,478.07. AFP