Hong Kong stocks open with further losses

Hong Kong: Hong Kong stocks opened with more losses Friday following another steep drop on Wall Street, with technology firms again in the firing line after Apple’s shock decision to slash its December quarter revenue forecast.

The Hang Seng Index eased 0.47 percent, or 118.24 points, to 24,946.12.

And the benchmark Shanghai Composite Index retreated 0.74 percent, or 18.34 points, to 2,446.02, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, slipped 0.94 percent, or 11.72 points, to 1,234.65.