Mainland China, Hong Kong stocks fall as US inflation spurs Fed tightening concerns

Stocks in mainland China and Hong Kong slumped on Thursday, with the benchmark of yuan-denominated equities sliding to a 14-month low, as a hot reading on US inflation boosted bets that the Federal Reserve would raise interest rates and a plunge in the South Korean market further dented sentiment. The CSI 300 Index slid 1.7 per cent to 4,147.46 as of 11.04am local time, on course for the lowest close since August in 2025. The chip-heavy Star Market 50 gauge tumbled to a six-month low with a 2.8...