HONG KONG, June 2 (Xinhua) -- The Hong Kong stock market opened lower on Monday as the Hang Seng Index recorded a significant dip of 246 points, translating to a decline of 1.06 percent, with the index settling at 23,043.10 points. This downward movement reflects ongoing market volatility and can be attributed to various economic factors affecting investor sentiment.

Investors appear to be responding to a mix of global economic uncertainties, including rising inflation rates and concerns over potential interest rate hikes by central banks. These elements have contributed to cautious trading, as market participants remain on edge about the trajectory of recovery amid a shifting economic landscape.