An electronic billboard displaying the Hang Seng Index figure outside Exchange Square in Central on October 28, 2022. Photo: SCMP / Yik Yeung-man
An electronic billboard displaying the Hang Seng Index figure outside Exchange Square in Central on October 28, 2022. Photo: SCMP / Yik Yeung-man

Hong Kong stocks slide as rate hikes seen choking growth, risk appetite with Fed signalling more tightening ahead

  • The Fed signalled overnight it’s not yet done with making interest rates ‘sufficiently restrictive’ to douse inflation
  • Stocks in Asian markets weakened after a hoped-for pivot to a less hawkish path failed to materialise, JPMorgan says

An electronic billboard displaying the Hang Seng Index figure outside Exchange Square in Central on October 28, 2022. Photo: SCMP / Yik Yeung-man
An electronic billboard displaying the Hang Seng Index figure outside Exchange Square in Central on October 28, 2022. Photo: SCMP / Yik Yeung-man
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