HONG KONG: Hong Kong stocks dipped at the open on Monday morning, fuelled by concerns about the US Federal Reserve’s plans to tighten monetary policy to fight inflation.

The Hang Seng Index slipped 1.19 percent, or 260.84 points, to 21,611.17.

Hong Kong shares begin with losses

The Shanghai Composite Index edged down 0.89 percent, or 29.08 points, to 3,222.77, while the Shenzhen Composite Index on China’s second exchange also dropped 1.35 percent, or 28.08 points, to 2,052.69.