Hong Kong equities opened slightly lower on Wednesday, steadying after losses from Wall Street's rout on fears of economic risks from surging inflation.

The Hang Seng Index dipped 0.62 percent at open to 19,512.

The Shanghai Composite Index rose 0.32 percent to 3048, while the Shenzhen Composite Index on China's second exchange rose 0.61 percent to 1,906. (AFP)