Hong Kong stocks decline after Fed raises interest rates and signals more to come

Stocks in Hong Kong and mainland China fell on Thursday, after the US Federal Reserve raised interest rates for the first time in three years and signalled that further tightening remained on the table. The benchmark Hang Seng Index fell 1 per cent to 24,470.74 as of 10.37am local time. The Hang Seng Tech Index lost 1.3 per cent. Rate-sensitive stocks such as property developers and gold producers led the decline. On the mainland, the CSI 300 Index slipped 0.2 per cent, while the chip-heavy Star...