HK shares open lower on US rate jitters
Hong Kong shares opened lower on Tuesday to extend the previous day's sharp losses as investors grow increasingly worried that decades-high inflation will force the Federal Reserve to hike interest rates quicker than initially thought. The Hang Seng Index shed 1.4 percent to 20,783. The Shanghai Composite Index lost 1.0 percent to 3,224, while the Shenzhen Composite Index fell 1.1 percent to 2,063. (AFP)