Hong Kong stocks open with a big loss
Hong Kong stocks tumbled more than one percent at the open on Wednesday after US Federal Reserve boss Jerome Powell warned the bank will continue to hike interest rates as it tries to quell inflation. The Hang Seng Index lost 1.35 percent, to 20,256. The Shanghai Composite Index slipped 0.40 percent, to 3,271, while the Shenzhen Composite Index shed 0.30 percent, to 2,102. (AFP)