Global Market: China, Hong Kong markets slip as Fed signals more rate hikes

China and Hong Kong stocks fell on Thursday after the US Federal Reserve raised interest rates by 25 basis points and signalled another hike could come this year. Rate-sensitive sectors, including gold, non-ferrous metals and property stocks, came under pressure as investors reassessed the outlook for global borrowing costs and higher-for-longer rates.

This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.