Hong Kong market slumps at open after Fed comments - RTHK
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Hong Kong market slumps at open after Fed comments

2024-02-05 HKT 09:36
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  • The Hang Seng Index lost more than one percent in the opening minutes. File photo: RTHK
    The Hang Seng Index lost more than one percent in the opening minutes. File photo: RTHK
Hong Kong stocks tumbled at the open on Monday after Federal Reserve chief Jerome Powell warned that interest rates were unlikely to be cut in March and data showed a forecast-busting jump in US jobs creation.

The Hang Seng Index sank 1.3 percent to 15,336.

The Shanghai Composite Index fell 0.5 percent to 2,716, and the Shenzhen Composite Index shed 0.9 percent to 1,478. (AFP)

Hong Kong market slumps at open after Fed comments