Hong Kong Stocks Open Lower as Bond Market Selloff Triggers Rate Hike Jitters
MT Newswires Live
Yesterday
Hong Kong stocks fell at the start of Wednesday's trading session, following a selloff in major bond markets fueled by inflation fears amid rising crude prices due to the ongoing Middle East crisis.
The Hang Seng Index (HSI) shed 1.1%, or 286 points, to 25,280.82. The Hang Seng China Enterprises Index lost 0.8%, or nearly 66 points, to 8,447.25.
Worries over inflation and escalating military hostilities between the U.S. and Iran have driven bond yields higher globally, increasing the likelihood of interest rate hikes by central banks.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.