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Hong Kong: Shares retreat at open after three-day rally


[HONG KONG] Shares in Hong Kong dipped in the first few minutes of trade Friday as investors ignored another record close on Wall Street and cashed in profits following a three-day winning streak.

The Hang Seng Index dipped 0.42 per cent, or 96.00 points, to 22,765.84.

And the benchmark Shanghai Composite Index eased 0.19 per cent, or 6.03 points, to 3,209.34, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, was off 0.11 per cent, or 2.26 points, at 2,075.11.