Hong Kong stocks open down after Yellen rate hike hint

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Hong Kong stocks join global rally at open

HONG KONG, Aug 29 (APP/AFP) – Shares fell in the
first few minutes of trade in Hong Kong Monday after Federal Reserve boss Janet Yellen suggested US interest rates could be lifted before the end of the year.
The Hang Seng Index slipped 0.16 percent, or 36.28 points, to 22,873.26.
And the benchmark Shanghai Composite Index edged down 0.06 percent, or 1.85 points, to 3,068.46, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, slipped 0.07 percent, or 1.41 points, to 2,021.68.