EconomyMainland China and Hong Kong stocks fall as US inflation fuels Fed rate-hike concerns
Stocks in mainland China and Hong Kong dropped after hotter US inflation data raised bets on Federal Reserve rate hikes. The CSI 300 fell 1.3% and the chip-heavy Star Market 50 lost 2.3%. At 9:39 a.m. local time, the Hang Seng was down 0.9% at 24,094.03 and the Hang Seng Tech Index fell 1.9%. The probability of a 25-basis-point Fed increase in December rose to 66%.
Mainland China and Hong Kong stocks fall as US inflation fuels Fed rate-hike concerns
Economy