HSI opens lower on fresh interest rate concerns
Hong Kong stocks tumbled at the open on Thursday, extending losses to a fifth day following a sell-off on Wall Street as investors fret over the possibility the US Federal Reserve will lift interest rates again this year. The Hang Seng Index sank 1.67 percent, or 306.19 points, to 18,023.11. The Shanghai Composite Index slipped 0.41 percent, or 12.78 points, to 3,137.35, while the Shenzhen Composite Index on China's second exchange lost 0.34 percent, or 6.77 points, to 1,960.86. (AFP)