Hong Kong stocks drop at open
Hong Kong stocks opened on the back foot on Friday morning ahead of fresh US data on consumer expenditure, as traders steel themselves for more interest rate hikes. The Hang Seng Index slipped 0.63 percent to 20,223. The Shanghai Composite Index was barely moved, easing 0.22 points to 3,287, while the Shenzhen Composite Index was also flat, inching up 0.52 points to 2,155. (AFP)