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Hong Kong: Stocks down in opening trade


[HONG KONG] Hong Kong equities slipped in early trade on Friday as the previous day's rally sparked by an upbeat Federal Reserve outlook on the US economy gave way to profit-taking.

The benchmark Hang Seng Index eased 0.30 per cent, or 66.74 points, to 22,433.48.

But in Shanghai the benchmark composite index edged up 0.10 per cent, or 3.73 points, to 3,620.79, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.41 per cent, or 9.32 points, to 2,266.53.


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