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Hong Kong stocks open lower, another weekend of strife ahead

Kritsada Mueanhawong

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PHOTO: AFP

More protests in Hong Kong over the weekend, and threats of interruptions to communist China’s 70th anniversary celebrations starting tomorrow, is weighing heavily on investors this morning.

Hong Kong stocks opened lower this morning, extending losses at the end of last week, a day before mass pro-democracy protests planned in the city on communist China’s 70th anniversary.

The Hang Seng Index fell 0.36%, or 94.08 points, to 25,860.73.

The benchmark Shanghai Composite Index lost 0.14%, or 4.25 points, to open at 2,927.92 and the Shenzhen Composite Index, which tracks stocks on China’s second exchange, edged down 0.02%, or 0.27 points, to 1,611.99.

Read more about the weekend’s strife HERE.

SOURCE: Agence France-Presse

 

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