Hong Kong stocks close sharply lower
Hong Kong stocks tumbled on Monday as part of a rout across global markets after a forecast-beating jump in US inflation fuelled worries about an aggressive campaign of Federal Reserve rate hikes. The Hang Seng Index dived 3.4 percent, or 738 points, to 21,067. The Shanghai Composite Index fell 0.9 percent, or 29 points, to 3,255, while the Shenzhen Composite Index was flat, inching down 0.2 points to 2,085. (AFP)