Hong Kong stocks open lower ahead of Powell testimony
Hong Kong stocks dropped at the open on Wednesday, tracking a downbeat lead from Wall Street ahead of US Federal Reserve Chair Jerome Powell's testimony to Congress. The Hang Seng Index dropped 1.54 percent, or 301.84, to 19,305.24. The Shanghai Composite Index slipped 0.35 percent, or 11.33 points, to 3,229.04 in early trading; while the Shenzhen Composite Index was down 0.26 percent, or 5.37 points, at 2,075.08. (AFP)