Hong Kong stocks fell on Thursday as investor sentiment dampened after China and the US kept interest rates unchanged, despite the US Fed signaling potential rate cuts later in the year.
The Hang Seng Index slid 2.23%, or 551.19 points, at 24,219.95. The Hang Seng China Enterprises index also fell 2.33%, or 213.49 points, at 8,950.18.
Sentiment reflected disappointment over the People's Bank of China decision to keep its one-year loan prime rate (LPR) steady at 3.1% and its five-year LPR at 3.6% for the fifth straight month.
At its latest policy meeting, the US Federal Reserve also kept its rate unchanged at between 4.25% and 4.5%. Investor mood remained downbeat despite a reassurance from Jerome Powell, chair of the US Fed, for potential rate cuts this year, the SCMP reported.
Powell further stated that the effect of Donald Trump's tariff policy on inflation would be "transitionary."
In corporate news, tech giants were among firms leading the decline on Thursday. Alibaba Group (HKG:9988), Tencent (HKG:0700) and Meituan (HKG:3690) each slumped 4%, with Xiaomi (HKG:1810) falling 3% at the day end.
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。