Hong Kong stocks drop for a fifth day
Hong Kong stocks sank on Wednesday for the fifth successive day as global markets are roiled by concerns about central bank plans to ramp up interest rates to fight inflation. The Hang Seng Index lost 0.8 percent, or 158 points, to 19,044. The Shanghai Composite Index edged up 0.1 percent, or 2 points, to 3,246, while the Shenzhen Composite Index gained 0.5 percent, or 9 points, to 2,123. (AFP)