HONG KONG: Hong Kong shares ended lower on Thursday with property firms hit by news that three of the city’s biggest banks had lifted lending rates for the first time in 12 years after the Federal Reserve hiked borrowing costs.
The Hang Seng Index shed 0.36%, or 101.20 points, to close at 27,715.67.
The benchmark Shanghai Composite Index slipped 0.54%, or 15.04 points, to 2,791.77, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, shed 1.26%, or 18.24 points, to 1,429.61.