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Hong Kong, Shanghai: Stocks follow US and Europe lower
[HONG KONG] Stocks in Hong Kong and Shanghai tumbled in the first few minutes of trade on Friday, tracking a sell-off from Europe to New York, with energy firms hit by further losses in commodity prices.
In Hong Kong the benchmark Hang Seng Index fell 1.72 per cent, or 394.83 points, to 22,494.09.
Shanghai's benchmark composite index slid 0.88 per cent, or 32.14 points, to 3,600.76, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 1.19 per cent, or 26.97 points, to 2,232.52.