HK stocks slip after Credit Suisse deal
Hong Kong stocks opened with a loss Monday morning as Asian markets retreated despite UBS's takeover of troubled Credit Suisse, in a move aimed at soothing traders worried about the banking sector. The Hang Seng Index slipped 0.85 percent to 19,353. The Shanghai Composite Index edged up 0.10 percent to 3,254, while the Shenzhen Composite Index on the mainland's second exchange added 0.14 percent to 2,063. (AFP)