Business News

HONG KONG, Oct 27, (APP/AFP) – Hong Kong stocks extended losses in early trade Thursday following a broad sell-off in New York and as investors grow concerned about a planned output cut by key oil producers aimed at supporting prices. The Hang Seng Index dipped 0.13 percent, or 29.40 points to 23296.03. And the benchmark Shanghai Composite Index shed 0.12 percent, or 3.71 points, to 3,112.60, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, slid 0.11 percent, or 2.29 points, to 2,067.07