All eyes on the Fed and its view this week as stock traders brace for another rate hike. Photo: AFP
All eyes on the Fed and its view this week as stock traders brace for another rate hike. Photo: AFP

Hong Kong stocks slump to March low as Federal Reserve rate-hike stokes recession worries while Fosun suffers rating cut

  • Stocks revisited the lowest point in mid-March as traders braced for yet another US rate increase this week
  • The Fosun group faces more pressure after S&P downgraded its credit rating deeper into junk amid concerns about its finances

All eyes on the Fed and its view this week as stock traders brace for another rate hike. Photo: AFP
All eyes on the Fed and its view this week as stock traders brace for another rate hike. Photo: AFP
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