HK stocks open down, tracking US overnight fall
Hong Kong stocks opened lower on Friday following steep losses on Wall Street as recession fears were revived by data indicating the Federal Reserve would have to hike interest rates further to tame inflation. The Hang Seng Index fell 1.5 percent to 19,382. The Shanghai Composite Index lost 0.5 percent to 3,038, while the Shenzhen Composite Index on China's second exchange slipped 0.6 percent to 1,944. (AFP)