HK stocks open lower on mainland and rate concerns
Hong Kong stocks opened lower on Wednesday on concerns about the mainland economy and a possible further rate hike by the Fed after stronger-than-expected US retail sales data. The Hang Seng Index fell 1.07 percent, or 199.33 points, to 18,381.78. The Shanghai Composite Index slipped 0.41 percent, or 13.16 points, to 3,163.02, while the Shenzhen Composite Index fell 0.20 percent, or 3.93 points, to 1,982.51. (AFP)