HK stocks becalmed at open, despite Wall Street gains

Hong Kong stocks were barely moved at the start of business on Monday morning as investors struggled to follow up a record close on Wall Street that came after Federal Reserve boss Jerome Powell indicated the bank would be cautious in winding back monetary policy.

The Hang Seng Index inched down 1.40 points to 25,406.

The Shanghai Composite added 0.4 percent to 3,535, while the Shenzhen Composite Index on China’s second exchange rose 0.2 percent to 2,444. (AFP)