Hong Kong, Shanghai flat in first trade of year

Trade

Hong Kong and Shanghai stocks were unmoved at the open Tuesday on the first trading day of the year. The Hang Seng Index dipped 0.2 percent, or 43.25 points, to 21,957,31 soon after opening. The benchmark Shanghai Composite Index edged up 0.05 per cent, or 1.67 points, to 3,105.31. The Shenzhen Composite Index, which tracks stocks on second exchange of China, added 0.17 per cent, or 3.44 points, to 1,972.55.