Global Market: China, Hong Kong Markets Slip as Fed Signals More Rate Hikes

Rate Hike Ripple Effect: Stocks in China and Hong Kong Tumble

The stock benchmarks in China and Hong Kong fell, driven by declines in rate-sensitive sectors like gold and real estate, following the first U.S. rate hike in three years. This monetary change stoked fears of capital outflows, leading to a market slide.

Global Market: China, Hong Kong markets slip as Fed signals more rate hikes

China and Hong Kong stocks fell on Thursday after the US Federal Reserve raised interest rates by 25 basis points and signalled another hike could come this year. Rate-sensitive sectors, including gold, non-ferrous metals and property stocks, came under pressure as investors reassessed the outlook for global borrowing costs and higher-for-longer rates.

US rate increase should only have short-term impact on Hong Kong stocks: CICC

Rise in US interest rates could put pressure on Hong Kong stocks, but the impact is likely to be short-lived, investment bank says.

Hang Seng Index Today, September 16: Hang Seng Falls 1.2% After Fed Rate Hike – Why Are Hong Kong Stocks Under Pressure? Check Tencent, HSBC And Xiaomi

Hong Kong stocks came under pressure after the US Federal Reserve raised interest rates and signalled the possibility of another hike later this year. The Hang Seng Index declined, with several major companies including Tencent, HSBC and Xiaomi trading lower.