HK stocks sink ahead of US inflation data
Hong Kong stocks sank more than one percent at Monday's open as a stronger-than-forecast US inflation reading dented hopes for a slower pace of Federal Reserve interest rate hikes. The Hang Seng Index fell 1.54 percent, or 306 points, to 19,594. The Shanghai Composite Index dipped 0.35 percent, or 11 points, to 3,195, while the Shenzhen Composite Index on China's second exchange lost 0.37 percent, or seven points, to 2,068. (AFP)