Hong Kong Stocks Fall for Third Session

2026-06-18 02:13 By Nicole Aliyah 1 min. read

The Hang Seng Index fell 387 points, or 1.6%, to close at 23,925 on Thursday, extending losses for a third consecutive session and the lowest since July 2025, as investors shunned risk after the Federal Reserve struck a more hawkish tone, signaling that further policy tightening may still be needed to contain inflation.

The prospect of higher US interest rates lifted Treasury yields and the dollar while pressuring Wall Street overnight.

Locally, the Hong Kong Monetary Authority left its base rate unchanged at 4.0%, mirroring the Fed's decision to hold rates steady.

Investors also remained cautious amid lingering uncertainty over the global economic outlook and the potential impact of prolonged higher interest rates.

Financial, tech, and retail shares led the retreat, with notable losses from Tencent (-1.2%), Meituan (-3.5%), Xiaomi (-3.3%), Lenovo (-4.4%), and Pop Mart International (-4.1%).

Hong Kong market is closed on Friday for a public holiday and will resume trading on Monday.



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