BCN-02 Hong Kong stocks start on back foot

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ZCZC

BCN-02

STOCKS-MARKETS-HONGKONG-CHINA-OPEN

Hong Kong stocks start on back foot

HONG KONG, Jan 15, 2021 (BSS/AFP) – Hong Kong stocks opened lower on Friday
as traders gave a shrug to Joe Biden’s $1.9 trillion stimulus proposal, which
observers said had already been largely priced into the market.

The Hang Seng Index slipped 0.36 percent, or 102.49 points, to 28,394.37.

The benchmark Shanghai Composite Index was barely moved, inching up 0.38
points to 3,566.28, while the Shenzhen Composite Index on China’s second
exchange eased 0.25 percent, or 5.96 points, to 2,354.44.

BSS/AFP/GMR/0939 hrs