Hong Kong Stocks Slip 0.29% in Early Trade

Hong Kong stocks slipped 0.29 percent in early trade Wednesday, tracking US stocks which slumped on worries about higher oil prices and worsening tensions over the Greek debt crisis.

The Hang Seng index fell 81.21 points to 27,674.33 after the opening bell.

However, Chinese shares were higher after the Shanghai index plunged more than four percent the previous day on worries over new share issues that tightened liquidity, dealers said.

The benchmark Shanghai Composite Index rose 0.87 percent, or 37.39 points, to 4,336.10.

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, gained 1.01 percent, or 22.30 points, to 2,240.19.

Source : AFP