HONG KONG: Hong Kong stocks opened lower Tuesday, extending a retreat after last week’s rally as several Federal Reserve officials try to temper expectations for interest rate cuts next year.

The Hang Seng Index fell 0.47 percent, or 77.79 points, to 16,551.44.

Hong Kong stocks drop at open

The Shanghai Composite Index inched down 0.07 percent, or 2.04, to 2,928.76, and the Shenzhen Composite Index on China’s second exchange eased 0.09 percent, or 1.71 points, to 1,803.73.

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