Hong Kong stocks sink at open on Powell comments
Hong Kong shares tumbled at Friday morning's open after US Federal Reserve boss Jerome Powell said he would not hesitate to hike interest rates further if inflation remained stubbornly high. The Hang Seng Index dropped 0.92 percent, or 160 points, to 17,350. The Shanghai Composite Index shed 0.32 percent, or 9.72 points, to 3,043, and the Shenzhen Composite Index dipped 0.44 percent, or 8.48 points, to 1,903. (AFP)