Hong Kong stocks drop at open
Hong Kong stocks fell at the open of trade on Friday morning after data showed US inflation rose more than expected last month, further denting hopes for an early interest rate cut by the Federal Reserve. The Hang Seng Index dipped 0.52 percent to 16,216. The Shanghai Composite Index eased 0.23 percent to 2,880, and the Shenzhen Composite Index lost 0.21 percent to 1,757.