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Shanghai, Hong Kong lower by break

Shanghai, Hong Kong lower by breakHONG KONG: Shares in Hong Kong and Shanghai retreated Thursday morning after a two-day rally, with selling fanned by a mixed inflation report out of China and uncertainty over the Federal Reserve’s plans for raising interest rates.

In Hong Kong the Hang Seng Index fell 2.15 percent, or 476.46 points to 21,654.85 by the break.

And Shanghai’s benchmark composite index slid 0.96 percent, or 31.16 points, to 3,211.93.

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, lost 0.83 percent, or 14.92 points, to 1,783.92.

Copyright AFP (Agence France-Presse), 2015

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