People pass a display showing the Hang Seng Index and other indices in Central, Hong Kong on October 5, 2022. Photo: Jelly Tse
Hong Kong stocks retreat to 6-week low after hotter-than-expected US inflation fuels fear of more rate increases
- Interest-rate worries worsened after a report showed US inflation accelerated to 6.4 per cent in January, exceeding estimates
- Investors grew more cautious amid jitters that the rally fuelled by China’s reopening has outstripped any improvement in fundamentals
People pass a display showing the Hang Seng Index and other indices in Central, Hong Kong on October 5, 2022. Photo: Jelly Tse
