Hong Kong stocks open sharply lower
Hong Kong stocks tumbled at the open on Monday following a hefty drop on Wall Street in response to US Federal Reserve boss Jerome Powell's comments warning of more interest rate hikes. The Hang Seng Index sank 1.04 percent to 19,960. The Shanghai Composite Index lost 1.02 percent to 3,203, while the Shenzhen Composite Index fell 1.25 percent to 2,119.