Hong Kong: Stocks fall after rate hikes
[HONG KONG] Hong Kong shares ended lower on Thursday with property firms hit by news that three of the city's biggest banks had lifted lending rates for the first time in 12 years after the Federal Reserve hiked borrowing costs.
The Hang Seng Index shed 0.36 per cent, or 101.20 points, to close at 27,715.67.
The benchmark Shanghai Composite Index slipped 0.54 per cent, or 15.04 points, to 2,791.77, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, shed 1.26 per cent, or 18.24 points, to 1,429.61.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Shares end higher on tech support; banks slide
US: Stocks rally on cooler hiring numbers
Singapore stocks end week in the red; STI down 0.1%
Asia: Markets track Wall Street higher as rate hopes rise, eyes on US jobs
H2G Green chief to stand trial on Aug 5 amid MOM probe
Singapore shares climb at Friday’s open; STI up 0.2%