Hong Kong opens down on US data, Shanghai rises

Hong Kong opens down on US data, Shanghai rises
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Summary The benchmark Hang Seng Index fell 0.50 percent, or 113.82 points, to 22,753.50

HONG KONG (AFP) - Hong Kong stocks opened down Monday after a strong US jobs report fuelled talk of a December interest rate hike but Shanghai advanced as news of a restart to initial public offerings indicated a return of Chinese market stability.

The benchmark Hang Seng Index fell 0.50 percent, or 113.82 points, to 22,753.50.

Shanghai s composite index edged up 0.09 percent, or 3.39 points, to 3,593.42, while the Shenzhen Composite Index, which tracks stocks on China s second exchange, added 0.11 percent, or 2.27 points, to 2,154.70.

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