Hong Kong stocks see sell-off on rate hike concerns
Hong Kong stocks extended their losing streak in the opening minutes of trading on Friday as another round of strong US data fanned worries that the Federal Reserve will continue to hike interest rates to defeat inflation. The Hang Seng Index fell 0.53 percent, or 97.59 points, to 18,435.46. The Shanghai Composite Index slipped 0.25 percent, or 8.10 points, to 3,197.47, while the Shenzhen Composite Index eased 0.24 percent, or 4.81 points, to 2,039.22. (AFP)