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Benzinga
Benzinga
World
Bhavik Nair

Alibaba, Nio, Most Peers Buck Weaker Hang Seng Open After Wall Street Slide As Focus Turns To Jackson Hole Summit

Hong Kong's benchmark stock index opened lower on Tuesday morning, tracking a weak finish overnight on Wall Street on the back of rate-hike fears, as investors looked toward U.S. Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Summit later this week.

The Hang Seng Index was down 0.5% at the open, as traders digested a weak Australian Purchasing Managers’ Index and eyed a central bank rate decision in Indonesia as well as core inflation data from Singapore. 

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