Hong Kong stocks fell on Thursday, as indications that the US Federal Reserve was in no rush to slash interest rates weighed on investor sentiment.
The Hang Seng Index slid 1.6%, or 367.26 points, to end at 22,576.98. The Hang Seng China Enterprises Index retreated 1.7%, or 140.54 points, to 8,322.56.
US Fed officials are inclined toward keeping interest rates steady as they wait for further progress on inflation and clarity surrounding the new administration's economic policies.
The interest rate is likely to be kept between 4.25%-4.5%, according to the minutes of the Fed's January meeting released in Washington on Wednesday.
Compounding the downbeat mood were jitters ahead of the earnings reports of Chinese tech giants Alibaba Group (HKG:9988), Bilibili (HKG:9626), and NetEase (HKG:9999). Shares of the three firms closed lower on Thursday.
In corporate news, Lenovo Group (HKG:0992) declined over 6% despite doubling its attributable profit to $693 million for the three months ended Dec. 31, 2024, from $337 million a year prior.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。