Hong Kong stocks close lower
Hong Kong shares fell on Tuesday on worries that a fresh spike in oil prices could fan inflation and force the Federal Reserve to ramp up interest rates more than expected. The Hang Seng Index shed 0.7 percent, or 134 points, to 20,274. The Shanghai Composite Index edged up 0.5 percent, or 16 points, to 3,312, while the Shenzhen Composite Index fell 0.5 percent, or 9 points, to 2,139. (AFP)