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Monday, May 6, 2024

Hong Kong stocks open with losses

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Hong Kong stocks fell at the open of trade Tuesday as profit-takers moved in after last week’s healthy rally, with sentiment dented by below-par Chinese economic growth data.

The Hang Seng Index shed 0.46 percent, or 89.44 points, to 19,324.34, as investors returned after Monday’s trading was cancelled because of a severe storm.

The Shanghai Composite Index slipped 0.09 percent, or 2.84 points, to 3,206.79, while the Shenzhen Composite Index on China’s second exchange edged up 0.11 percent, or 2.23 points, to 2,049.93.

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