You are here

Hong Kong: Stocks sink at open on Fed rate fears

Thursday, December 15, 2016 - 09:53

40778647 - 05_12_2016 - HONG KONG-CHINA-MARKET-STOCKS-SHENZHEN.jpg

[HONG KONG] Hong Kong stocks tumbled at the open on Thursday after the Federal Reserve hiked interest rates and suggested it could announce three more rises next year.

The Hang Seng Index fell 0.72 per cent, or 162.04 points, to 22,294.58.

And the benchmark Shanghai Composite Index dropped 0.47 per cent, or 14.77 points, to 3,125.76 while the Shenzhen Composite Index, which tracks stocks on China's second exchange, sank 0.34 per cent, or 6.66 points, to 1,953.20.

AFP

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom