Hong Kong stocks sank at the open on Monday

Hong Kong stocks sank at the open Monday after robust US jobs data dented hopes of a slowdown in the world’s top economy and ramped up bets on another bumper Federal Reserve interest rate hike.

The Hang Seng Index shed 1.64 percent, or 290.69 points, to 17,449.36, reports BSS.

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The Shanghai Composite Index edged up 0.08 percent, or 2.54 points, to 3,026.94 as traders in mainland China returned from a week-long break. The Shenzhen Composite Index on China’s second exchange added 0.13 percent, or 2.48 points, to 1,914.47.

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