Hong Kong stocks open with further losses

2508

HONG KONG, Jan 4, 2019 (BSS/AFP) – Hong Kong stocks opened with more
losses Friday following another steep drop on Wall Street, with technology
firms again in the firing line after Apple’s shock decision to slash its
December quarter revenue forecast.

The Hang Seng Index eased 0.47 percent, or 118.24 points, to 24,946.12.

And the benchmark Shanghai Composite Index retreated 0.74 percent, or 18.34
points, to 2,446.02, while the Shenzhen Composite Index, which tracks stocks
on China’s second exchange, slipped 0.94 percent, or 11.72 points, to
1,234.65.