Hong Kong stocks start year with steep loss
Hong Kong stocks sank Tuesday on a disappointing return from the New Year break as worries about the Chinese economy trumped hopes for a series of Federal Reserve interest rate cuts in 2024. The Hang Seng Index shed 1.52 percent, or 258.84 points, at 16,788.55. The Shanghai Composite Index lost 0.43 percent, or 12.66 points, to 2,962.28, and the Shenzhen Composite Index on China's second exchange dropped 0.76 percent, or 14.00 points, to 1,823.85. (AFP)