HK stocks down on recession worries
Hong Kong stocks opened on Monday with losses as investors remain fixated on surging inflation and central bank interest rate hikes that are fuelling concerns of a recession. The Hang Seng Index shed 0.60 percent to 20,949. The Shanghai Composite Index was flat inching down a point to 3,316, while the Shenzhen Composite Index on China's second exchange added 0.48 percent to 2,141. (AFP)