Business News

Hong Kong and Shanghai stocks open lower

HONG KONG, (APP/AFP): Shares in Hong Kong opened lower
Wednesday, while Shanghai also sank, following sharp losses in Europe and New York as concerns over the global economy returned to the fore.
Hong Kong’s Hang Seng Index dipped 0.56 percent, or 112.84 points, to
19,898.74.
And in Shanghai, the benchmark composite index tumbled 2.14 percent, or 61.98 points, to 2,839.41, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, dropped 2.19 percent, or 38.35 points, to 1,712.19.