You are here

Hong Kong: Stocks fall amid signs of tighter liquidity

hk exchange.jpg

[HONGKONG] Hong Kong stocks fell on Tuesday amid signs of tighter liquidity, which some analysts attributed to the prospects of another US rate hike by year-end.

The Hang Seng index fell 0.5 per cent, to 28,154.97, while the China Enterprises Index lost 0.7 per cent, to 11,405.55 points.

Hong Kong's 3-month interbank fixing rate spiked to the highest level in five months on Tuesday, and the one-month rate has also been rising.

On the stock market, nearly all sectors fell.

The consumer sector dropped 1.3 per cent, while the industrial subindex lost 1 per cent, making them among the worst performers.

REUTERS

sentifi.com

Market voices on: