05 Apr Hong Kong stocks retreat as traders temper US rate-cut bets amid sticky inflation concerns
Posted at 03:27h
in Asia
Hong Kong stocks dropped, joining a broader retreat in Asian markets, after hawkish comments from a Federal Reserve official tempered bets for an interest-rate cut as early as June this year.The Hang Seng Index weakened 1.1 per cent to 16,544.39 at 10.20am local time, reversing...