You are here
Hong Kong: Stocks fall amid signs of tighter liquidity
[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.