Insurance, property shares lead Hong Kong stocks lower on Thursday after the US Federal Reserve and the Hong Kong Monetary Authority raised interest rates separately. Photo: SCMP/Sam Tsang

As it happened: Hong Kong stocks hit 4-month closing low after Fed raises rate; insurers and property shares tumble

Shanghai shares also log the lowest close in more than a month, with financials leading losses

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Insurance, property shares lead Hong Kong stocks lower on Thursday after the US Federal Reserve and the Hong Kong Monetary Authority raised interest rates separately. Photo: SCMP/Sam Tsang
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