Hong Kong: Stocks close lower ahead of Fed decision

HONG Kong shares finished on Wednesday (Sep 21) with more losses as world markets retreated ahead of the US Federal Reserve’s (Fed) latest policy decision that many expect to end with another big interest rate hike.

The Hang Seng Index tumbled 1.79 per cent, or 336.80 points, to 18,444.62.

The Shanghai Composite Index eased 0.17 per cent, or 5.23 points, to 3,117.18, while the Shenzhen Composite Index on China’s second exchange slipped 0.37 per cent, or 7.34 points, to 2,004.31. REUTERS