Hong Kong and Chinese stock markets weren’t taken by surprise at the first US interest rate rise in a year on Thursday, but they could face sustained pressure from cash withdrawals. Photo: AFP

Momentum plays and stocks to avoid in the new world of rising US interest rates

Financial stocks could perform well, while Hong Kong property and utilities sectors may run into trouble

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Hong Kong and Chinese stock markets weren’t taken by surprise at the first US interest rate rise in a year on Thursday, but they could face sustained pressure from cash withdrawals. Photo: AFP
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