HK Shares Slump At Open On US Jobs Report
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2022-10-10 HKT 10:25
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Hong Kong stocks sank at the open Monday after robust US jobs data dented hopes of a slowdown in the world's top economy and ramped up bets on another bumper Federal Reserve interest rate hike.
The Hang Seng Index shed 1.6 percent, or 290 points, to 17,449.
The Shanghai Composite Index edged up 2 points, or 0.08 percent, to 3,026 as traders on the mainland returned from a week-long break. The Shenzhen Composite Index also added 2 points, 0.1 percent, to 1,914. (AFP)
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