Hong Kong: Shares sink 1.75% at open

HONG Kong stocks tumbled at the open on Thursday as concerns about credit giant Credit Suisse fuelled further bank contagion fears and traders nervously eyed next week’s Federal Reserve policy meeting.

The Hang Seng Index lost 1.75 per cent, or 341.90 points, to 19,197.97.

The Shanghai Composite Index dropped 0.58 per cent, or 18.84 points, to 3,244.47, while the Shenzhen Composite Index on China’s second exchange also shed 0.58 per cent, or 12.16 points, to 2,069.10. AFP