Hong Kong shares open with steep losses

HONG KONG: Hong Kong stocks tumbled at the open Friday after six days of gains, with above-forecast US inflation data reviving worries about another possible interest rate hike by the Federal Reserve.

The Hang Seng Index sank 1.60 percent, or 291.44 points, to 17,946.77.

Hong Kong stocks open higher

The Shanghai Composite Index dipped 0.51 percent, or 15.90 points, to 3,092.00, while the Shenzhen Composite Index on China’s second exchange eased 0.49 percent, or 9.46 points, to 1,911.12.