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Hong Kong stocks open down 0.43%

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HONG KONG, Dec 31 AFP

December 31 2012, 1:14PM

Hong Kong shares have opened 0.43 per cent lower on fears that US politicians may not be able to agree a deal to avert the fiscal cliff of tax hikes and spending cuts before the year-end deadline.

The benchmark Hang Seng Index was down 97.82 points at 22,568.77 in the first minutes of trade on Monday.