Hong Kong Stocks Open Lower On Fed
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2019-06-26 HKT 09:49
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Hong Kong extended losses in the first few minutes of business on Wednesday as Federal Reserve boss Jerome Powell warned of a weak economic outlook for the US economy, while traders also fret over the US-Iran standoff.
The Hang Seng Index lost 0.50 percent, or 139.82 points, to 28,046.16.
The benchmark Shanghai Composite Index shed 0.59 percent, or 17.45 points, to 2,964.62, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, lost 0.57 percent, or 8.82 points, to 1,551.64. (AFP)
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