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The Economic Times
The Economic Times
Business
Anupam Nagar

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

China and Hong Kong stocks declined on Thursday as investors assessed the impact of a more hawkish U.S. Federal Reserve stance, with rate-sensitive sectors such as gold, non-ferrous metals and property stocks coming under pressure, Reuters reported.

China’s blue-chip CSI300 index and the Shanghai Composite index each fell 0.4% by the lunch break. In Hong Kong, the Hang Seng Index declined 0.8%.

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