Fears of more US rate hikes send HSI lower
Hong Kong stocks closed lower on Tuesday on fears the US Federal Reserve will continue hiking interest rates to fight inflation. The Hang Seng Index fell 0.78 percent, or 153.73 points, to 19,503.25. The Shanghai Composite Index edged down 0.05 percent, or 1.57 points, to 3,276.22, while the Shenzhen Composite Index on China's second exchange eased 0.04 percent, or 0.93 points, to 2,227.38. (AFP)