Hong Kong, Shanghai: Stocks retreat at open

[HONG KONG] Hong Kong and Shanghai stocks dipped in early trade despite gains on Wall Street after Federal Reserve Chair Janet Yellen implied interest rates could be lifted soon.

The Hang Seng Index eased 0.34 per cent, or 70.06 points, to 20,506.71.

The benchmark Shanghai Composite Index shed 0.23 per cent, or 6.40 points, to 2,814.65, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 0.61 per cent, or 11.11 points, to 1,795.93.

AFP