HK stocks extend losses at start of the week
Hong Kong stocks sank again on Monday as investors brushed off a rally on Wall Street and growing expectations the Federal Reserve will cut interest rates in the new year. The Hang Seng Index fell 1.1 percent, or 184 points, to 16,646. The Shanghai Composite Index lost 0.3 percent, or 8 points, to 3,022, and the Shenzhen Composite Index slipped 0.3 percent, or 6 points, to 1,881. (AFP)