BCN-02Hong Kong, Shanghai stocks tumble at open

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BCN-02

STOCKS-MARKETS-HONGKONG-CHINA-OPEN

Hong Kong, Shanghai stocks tumble at open

HONG KONG, Oct 19, 2018 (BSS/AFP) – Stocks in Hong Kong and Shanghai
tumbled at the open on Friday, extending a global sell-off on concerns about
higher US interest rates, while traders await the release of Chinese growth
data.

The Hang Seng Index fell 1.11 percent, or 282.52 points, to 25,172.03.

And the benchmark Shanghai Composite Index shed 1.06 percent, or 26.34
points, to 2,460.08, while the Shenzhen Composite Index, which tracks stocks
on China’s second exchange, sank 1.35 percent, or 16.68 points, to 1,215.33.

BSS/AFP/MRI/0849 HRS